The chart shows facts related to professional interpreters. To enter this field, a worker would be required to have earned a deg
ree from a four-year college at least. received on-the-job training for several weeks only. received on-the-job training for several months only. earned technical training from a vocational school.
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Answer:
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- <u>17.5%</u>
Explanation:
The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.
The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:
State of the economy Scenario #(s) Probability, p(s) HPR
HPR Boom 1 0.336 28.40%
Normal growth 2 0.414 7.90%
Recession 3 0.25 18.90%
The calculations are: