The rates of return on Cherry Jalopies, Inc., stock over the last five years were 17 percent, 11 percent, -1 percent, 7 percent, and 10 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 22 percent, –1 percent, 5 percent, and 12 percent. Calculate the variances and the standard deviations for Cherry and Straw. (Do not round intermediate calculations. Enter your variance as a decimal rounded to 5 decimal places. Enter your standard deviation as a percent rounded to 2 decimal places.) Cherry Straw Variance Standard deviation % %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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The rates of return on Cherry Jalopies, Inc., stock over the last five years were 17 percent, 11 percent, -1
percent, 7 percent, and 10 percent. Over the same period, the returns on Straw Construction Company's stock
were 16 percent, 22 percent, –1 percent, 5 percent, and 12 percent.
Calculate the variances and the standard deviations for Cherry and Straw. (Do not round intermediate
calculations. Enter your variance as a decimal rounded to 5 decimal places. Enter your standard deviation
as a percent rounded to 2 decimal places.)
Cherry
Straw
Variance
Standard deviation
%
%
Transcribed Image Text:The rates of return on Cherry Jalopies, Inc., stock over the last five years were 17 percent, 11 percent, -1 percent, 7 percent, and 10 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 22 percent, –1 percent, 5 percent, and 12 percent. Calculate the variances and the standard deviations for Cherry and Straw. (Do not round intermediate calculations. Enter your variance as a decimal rounded to 5 decimal places. Enter your standard deviation as a percent rounded to 2 decimal places.) Cherry Straw Variance Standard deviation % %
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