Using the following returns, calculate the arithmetic average returns, the variances, and the standard deviations for X and Y. (Do not include the percent signs (%). For average return and standard deviation round your answers to 2 decimal places, (e.g., 32.16) and for variance round your answers to 6 decimal places. (e.g., 32.161616))
Returns
Year X Y
1 8% 16%
2 21 38
3 17 14
4 -16 -21
5 9 26
X Y
Average Return ___% 14.60%
Variance _____ 0.048680
Standard Deviation ___% 22.06%