Leavell incs manager believes that economic conditions, Ask an Expert

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Leavell Inc's manager believes that economic conditions during the next year will be strong, or normal, and he thinks that the firm's returns will have the probability distribution shown below. What's the standard deviation of the estimated returns? Economic Conditions Prob. Return Strong 50% 40.0% Normal 50% 10.0% 30.00% 25.00% 20.00% 15.00% 10.00%

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