Pinkerton Inc. has the following distribution of returns? STATE PROBABILITY RETURN Recession 30% -5% Normal 40% 15% Expansion 30% 25% Assuming that these returns are normally distributed, what is the probability that Pinkerton Inc. will return more than 10 percent?

Pinkerton Inc. has the following distribution of returns?

STATE             PROBABILITY            RETURN
Recession         30%                             -5%
Normal             40%                             15%
Expansion        30%                             25%

Assuming that these returns are normally distributed, what is the probability that Pinkerton Inc. will return more than 10 percent?

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