Question :
Risk Swan's Sportswear is considering bringing out a line of designer jeans.
After market research, the firm has established the expectations shown in the following shown in the following table about the annual rate of return.
Use the table to calculate the expected value of return for the line.
Market acceptance Probability Annual rate of return
Very poor 0.06 0.004
Poor 0.21 0.033
Average 0.47 0.089
Good 0.21 0.159
Excellent 0.05 0.225
The expected return for the line is ___%