Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A large cap equity portfolio has a mean return of 10 % and a standard deviation of returns of 23 %. Assuming returns are normally
A large cap equity portfolio has a mean return of 10 % and a standard deviation of returns of 23 %. Assuming returns are normally distributed, what is the probability that next year's return will be less than or equal to -8 %?
Enter answer as percentage, to two decimal places.
The answer is 21.69 please show work.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started