Following are three economic states their likelihoods and

Question

Following are three economic states, their likelihoods, and the potential returns:

Economic State Probability Return

Fast growth 0.27                  32 %

Slow growth 0.35                  4

Recession 0.38                     –22

Determine the standard deviation of the expected return. (Round your answer to 2 decimal places.)

Standard deviation ___ %