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Magee Inc'S Manager Believes That Economic Conditions During the Next Year

question 15

Multiple Choice

Magee Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below.What's the standard deviation of the estimated returns? (Hint: Use the formula for the standard deviation of a population, not a sample.)

 Economic Conditions Table  Economic  Conditions  Prob.  Return  Strong 30%32.0% Normal 40%10.0% Weak 30%16.0%\begin{array}{l}\text { Economic Conditions Table }\\\begin{array} { | l | l | r | } \hline \begin{array} { l } \text { Economic } \\\text { Conditions }\end{array} & \text { Prob. } & \text { Return } \\\hline \text { Strong } & 30 \% & 32.0 \% \\\hline \text { Normal } & 40 \% & 10.0 \% \\\hline \text { Weak } & 30 \% & - 16.0 \% \\\hline\end{array}\end{array}

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Definitions:

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Tubule in the testis in which spermatozoa develop.

Epididymis

A tube that connects a testicle to the vas deferens in the male reproductive system, where sperm is stored and matures.

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A tube through which semen enters the urethra in males, formed by the fusion of the vas deferens and the seminal vesicle duct.

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