Scenario: The economy of Country Y has been in an economic downturn for the last several months. Recently, businesses have invested in new technologies in order to produce the goods that consumers are demanding within the nation's own borders. The government has removed regulations to allow producers and consumers to have more financial freedom. As a result, consumer spending has increased and the economy has begun to improve. Use the drop-down menus to complete the sentences. According to the information presented about Country Y, the classical economic concept of can be seen. The economic events of Country Y demonstrate the idea of laissez faire because the government intervene in economic events.

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?