Probability Return

S
M

o.3
0.4
0.3

10
16
32

Pi*S pi*M Variance pi*VS

S

11
20
19

Expected Returns
A(RS-19)

3
6.4
9.6
19

3.3
8
5.7
17

-9 81 24.3
-3 9
3.6
13 ## 50.7
78.6

B(RM-17) Pi*A*B
Standard Deviation
-9
-6
16.2
-3
3
-3.6 Variance
13
2
7.8

COV:-

20.4
0.00204

8.86566
0.089
0.00786

Variance
M

-6
3
2

Variance
M

36
9
4

pi*VM

10.8
3.6
1.2
15.6
3.94968
0.039
0.00156