Multiple Choice
It costs $1,000 to enter the following game of chance,which is based on the outcome of a coin toss (fair coin) .If the coin comes up 'heads' then you win and walk away with $1,100,which is a 10% rate of return.If the coin comes up 'tails',then you lose and walk away with $900,which is a -10% rate of return.What is the variance of the returns?
A) 0.05
B) 0.1
C) 0.09
D) 0.01
E) 0.5
Correct Answer:

Verified
Correct Answer:
Verified
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