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It costs $1,000 to enter the following game of chance,which is based on the outcome of a coin toss (fair coin) .If the coin comes up 'heads' then you win and walk away with $1,100,which is a 10% rate of return.If the coin comes up 'tails',then you lose and walk away with $900,which is a -10% rate of return.What is the variance of the returns?
Confederate States
The collection of Southern states that seceded from the United States in 1861, leading to the American Civil War, primarily over issues including states' rights and slavery.
Radical Abolitionists
Individuals in the 19th century who advocated for the immediate and complete abolishment of slavery, often taking more extreme measures than other anti-slavery activists.
Turning Points
Critical moments or events that lead to a significant change in the course of history or one's personal life.
Vicksburg, Mississippi
A city in the state of Mississippi, known for its pivotal role in the American Civil War, particularly the Siege of Vicksburg in 1863.
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