(Answered) Micron technology inc invested into 7 new projects all of

Statistics

Micron Technology Inc. invested into 7 new projects (all of equal size). For each of these project, there is a 75% probability that the project will have a 12% return and a 25% that it will have a -9% return. Each of these projects is independent of all others. Find expected return and standard deviation of the Micron's portfolio of new projects.

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