Standard deviation of possible sales prices
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I have decided to invest in a piece of real estate. Management has estimated that the real estate can be sold in 5 years for the following possible prices:
Price Probability
$20,000 0.20
$25,000 0.25
$30,000 0.30
$35,000 0.25
What is the standard deviation of possible sales prices?
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Solution Summary
The solution explains how to calculate the standard deviation of possible sales prices
Solution Preview
To calculate the standard deviation, we need to calculate the expected price
Expected price = Sum (Probability X associated price)
Expected ...
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