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When Considering Expected Returns,what Is TRUE About the States of the World

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When considering expected returns,what is TRUE about the states of the world?


Definitions:

Independent Variable

In research, the variable that is manipulated to observe its effect on a dependent variable.

Dependent Variable

The dependent variable is the variable being tested and measured in an experiment or study, whose value is expected to change as a result of manipulations to the independent variable(s).

Independent Variable

is a factor or condition that is intentionally manipulated or varied by researchers to observe its effect on a dependent variable in an experiment.

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