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1 Chris invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.80 percent in 2012, 31.50 percent in 2013, 13.50

1

Chris invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.80 percent in 2012, 31.50 percent in 2013, 13.50 percent in 2014, and 2.00 percent in 2015. What return did he earn in the average year during the 2012-2015 period? round to 2 decimal places

Return earned in the average year _ %

2

The distribution of grades in an introductory finance class is normally distributed, with an expected grade of 77. If the standard deviation of grades is 14, in what range would you expect 99.00 percent of the grades to fall?round to 2 decimal places

99.00 percent of the grades should fall beween the ranges (lower end)___? and (upper end)__?

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