Suppose that next year the U.S. will be in one of the following economic conditions:

| November 17, 2015

Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depression. The probability that each economic condition will occur, and that a jewelry store will earn profits within that broader economic condition are listed below:

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The expected profit of the jewelry store during the next year is

  1. $250,000
  2. $220,000
  3. $190,000
  4. $170,000
  5. None of the above

 

The standard deviation of the jewelry store’s profits next year (rounded to the nearest dollar) is

  1. $102,442
  2. $125,483
  3. $149,873
  4. $125,264
  5. $263,818

 

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