What Is the Variance of the Returns on a Security$\begin{array}{lcc}
\text { State of the Economy }&\text { Probability}&\text { E(R) }\
\text { Boom } & .25 & 16\% \
\text { Normal } & .45 & 10\% \
\text { Recession } & .30 & -8 \%
\end{array}$

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The Answer of What Is the Variance of the Returns on a Security$\begin{array}{lcc}
\text { State of the Economy }&\text { Probability}&\text { E(R) }\
\text { Boom } & .25 & 16\% \
\text { Normal } & .45 & 10\% \
\text { Recession } & .30 & -8 \%
\end{array}$

What Is the Variance of the Returns on a Security

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