Question: In Boston, Massachusetts, there is a 60% probability of rain on a specific day. How was this probability most likely determined? Options:
A. On this day each year, it rains 60% of the time.
B. On days with similar conditions as this day, it has rained 60% of the time in Massachusetts.
C. During this month, it rains 60% of the days.
D. On days with similar conditions as this day, it has rained 60% of the time in Boston, Massachusetts
E. The probability was determined randomly.

On days with similar conditions as this day, it has rained 60% of the time in Boston, Massachusetts

Step-by-step explanation:

I got it right on the quiz

c. 4 and 1/2 pounds is the answer! : )

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%