You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 6 percent, -11 percent, 24 percent, 17 percent, and 15 percent.
Requirement 1: What was the arithmetic average return on Crash-n-Burn’s stock over this five year period?
Requirement 2:
(a) What was the variance of Crash-n-Burn’s returns over this period? (Do not round intermediate calculations.)
(b) What was the standard deviation of Crash-n-Burn’s returns over this period? (Do not round intermediate calculations.)