Assignment:
An investment has possible rates of return of 7%, 10%, and 15% over five years. The probabilities of attaining these rates, estimated on the basis of the current economy, are 0.65, 0.25, and 0.1, respectively. If you have ¥10 000 to invest,
(a) What is the expected rate of return from this investment?
(b) What is the variance of the rate of return on this investment?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.