Compute the Standard Deviation Given These Four Economic States, Their

question 76

Multiple Choice

Compute the standard deviation given these four economic states, their likelihoods, and the potential returns: $$\begin{array} { | l | c | r | } \hline \begin{array} { l } \text { Economic } \\\text { State }\end{array} & \text { Probability } & \text { Return } \\\hline \text { Fast Growth } & 0.40 & 50 \% \\\hline \text { Slow Growth } & 0.40 & 10 \% \\\hline \text { Recession } & 0.10 & - 10 \% \\\hline \text { Depression } & 0.10 & - 5 \% \\\hline\end{array}$$

• A)6.71 percent
• B)22.5 percent
• C)23.37 percent
• D)52.20 percent

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Definitions:

Egocentrism

Egocentrism is the inability to differentiate between one's own perspective and someone else's perspective, often seen in early childhood development phases but can appear in behavior at any age.

Perfectionist Children

Children who exhibit a tendency to set excessively high standards for themselves and strive for flawlessness.

Helplessness

A psychological condition where an individual believes they have no power to effect change or influence events in their favor, often leading to passivity or depression.

Self-Esteem

Refers to an individual's subjective assessment of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.