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QUESTION
1. You have a sample of returns' observations for a mutual fund. The four returns are 7.25%, 5.6%, 12.5%, and 1.0%. What is the average return and
1. You have a sample of returns’ observations for a mutual fund. The four returns are 7.25%, 5.6%, 12.5%, and 1.0%. What is the average return and variance of these returns?
Return17.25%25.60%312.50%41.00%Average return 6.59%Variance0.23%