Answer:
I think its 3 1/4
Step-by-step explanation:
9 3/4 ÷ 3 = 3 1/4
Srry if im wrong
Answer:
1/7^3 (One over seven thirds)
Step-by-step explanation:
This translates to "a number" is greater than 45. All you have to do now is translate these words into an algebraic statement. Basically, you replace "a number" with the variable which it is defined for, and you use the "greater than" symbol to show that the variable is greater than the value of 45.
Given the following information:
![\begin{tabular} {|p{1.5cm}|p{1.5cm}|p{1.2cm}|p{1.2cm}|p{1.2cm}|} \multicolumn{1}{|p{1.5cm}|}{State of economy}\multicolumn{1}{|p{2.6cm}|}{Probability of State of economy}\multicolumn{3}{|p{4.8cm}|}{Rate of Return if State Occurs}\\[1ex] \multicolumn{1}{|p{1.5cm}|}{}\multicolumn{1}{|p{2.6cm}|}{}\multicolumn{1}{|c|}{Stock A}&StockB&Stock C\\[2ex] \multicolumn{1}{|p{1.5cm}|}{Boom}\multicolumn{1}{|p{2.6cm}|}{0.66}\multicolumn{1}{|p{1.27cm}|}{0.09}&0.03&0.34\\ \end{tabular}](https://tex.z-dn.net/?f=%5Cbegin%7Btabular%7D%0A%7B%7Cp%7B1.5cm%7D%7Cp%7B1.5cm%7D%7Cp%7B1.2cm%7D%7Cp%7B1.2cm%7D%7Cp%7B1.2cm%7D%7C%7D%0A%5Cmulticolumn%7B1%7D%7B%7Cp%7B1.5cm%7D%7C%7D%7BState%20of%20economy%7D%5Cmulticolumn%7B1%7D%7B%7Cp%7B2.6cm%7D%7C%7D%7BProbability%20of%20State%20of%20economy%7D%5Cmulticolumn%7B3%7D%7B%7Cp%7B4.8cm%7D%7C%7D%7BRate%20of%20Return%20if%20State%20Occurs%7D%5C%5C%5B1ex%5D%20%0A%5Cmulticolumn%7B1%7D%7B%7Cp%7B1.5cm%7D%7C%7D%7B%7D%5Cmulticolumn%7B1%7D%7B%7Cp%7B2.6cm%7D%7C%7D%7B%7D%5Cmulticolumn%7B1%7D%7B%7Cc%7C%7D%7BStock%20A%7D%26StockB%26Stock%20C%5C%5C%5B2ex%5D%0A%5Cmulticolumn%7B1%7D%7B%7Cp%7B1.5cm%7D%7C%7D%7BBoom%7D%5Cmulticolumn%7B1%7D%7B%7Cp%7B2.6cm%7D%7C%7D%7B0.66%7D%5Cmulticolumn%7B1%7D%7B%7Cp%7B1.27cm%7D%7C%7D%7B0.09%7D%260.03%260.34%5C%5C%0A%5Cend%7Btabular%7D)

Part A:
The expected return on an equally
weighted portfolio of these three stocks is given by:
![0.66[0.33 (0.09) + 0.33 (0.03) + 0.33(0.34)] \\ +0.34[0.33 (0.23) + 0.33(0.29) +0.33(-0.14)] \\ \\ =0.66(0.0297 + 0.0099 + 0.1122)+0.34(0.0759+0.0957-0.0462) \\ \\ =0.66(0.1518)+0.34(0.1254)=0.1002+0.0426=0.1428=\bold{14.28\%}](https://tex.z-dn.net/?f=0.66%5B0.33%20%280.09%29%20%2B%200.33%20%280.03%29%20%2B%200.33%280.34%29%5D%20%5C%5C%20%2B0.34%5B0.33%20%280.23%29%20%2B%200.33%280.29%29%20%2B0.33%28-0.14%29%5D%20%5C%5C%20%20%5C%5C%20%3D0.66%280.0297%20%2B%200.0099%20%2B%200.1122%29%2B0.34%280.0759%2B0.0957-0.0462%29%20%5C%5C%20%20%5C%5C%20%3D0.66%280.1518%29%2B0.34%280.1254%29%3D0.1002%2B0.0426%3D0.1428%3D%5Cbold%7B14.28%5C%25%7D)
Part B:
Value of a portfolio invested 21
percent each in A and B and 58 percent in C is given by
For boom: 0.21(0.09) + 0.21(0.03) + 0.58(0.34) = 0.0189 + 0.0063 + 0.1972 = 0.2224 or 22.24%.
For bust: = 0.21(0.23) + 0.21(0.29) + 0.58(-0.14) = 0.0483 + 0.0609 - 0.0812 = 0.028 or 2.8%
Expected return = 0.66(0.2224) + 0.34(0.028) = 0.1468 + 0.00952 = 0.1563 or 15.63%
The variance is given by