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What is the standard deviation of random variable

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Reference no: EM132483412

It is known that the average return on a stock is 17.8% with the standard deviation equal to 16.4%.

A simple random sample of 88 returns is to be selected and the average return of the sample is to be found. You can say that this sample average is a random variable. What is the standard deviation of this random variable?

Round your answer to 2 decimal places.

Reference no: EM132483412

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