What Is the Variance of the Expected Returns on This

question 73

Multiple Choice

What is the variance of the expected returns on this stock?
$\begin{array}{lrr}\text { State of the Economy } & \text { Probability of } & \text { Rate of Return if } \\& \text { State of Economy } & \text { state occurs }\\\text { Boom } & .30& 20\% \\\text { Normal } & .70 &10 \%\end{array}$

• A)18.75%
• B)21.00%
• C)31.53%
• D)48.97%
• E)50.03%

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Definitions:

Prospecting

The process of identifying potential customers.

Customer Satisfaction

A measure of how products or services meet or surpass customer expectations.

Total Shopping Experience

The complete range of experiences a customer encounters while discovering, purchasing, and using a product or service, emphasizing satisfaction and engagement.

Product Expectation

The anticipated performance or utility a customer expects from a product or service.