Question 3 Esellance, a sale training company manager, believes that the economic state for the next year will be strong, normal, or weak and that the company’s returns will have the probability...

Question 3

Esellance, a sale training company manager, believes that the economic state for the next year will be strong, normal, or weak and that the company’s returns will have the probability distribution presented below:

State of economy.     Probability of the state of economy.     Rate of return

Strong.                                          0,50                                                 45%

Normal                                          0,40                                                  15%

Weak                                             0,10                                                    5%

What is the coefficient of variation of the estimated returns?