Problem:
Over the past five years, a stock returned 8.3 percent, -32.5 percent, -2.2 percent, 46.9 percent, and 11.8 percent, respectively.
Required:
Question: What is the variance of these returns?
Select one:
- 0.071188
- 0.076290
- 0.081504
- 0.082547
- 0.091306
Note: Explain the solution in detail.