Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A security with normally distributed returns has an annual expected return of 18% and standard deviation of 23%. The probability of getting a return between
A security with normally distributed returns has an annual expected return of 18% and standard deviation of 23%. The probability of getting a return between -28% and 64% in any one year is
A.68.26%
B.95.44%
C.99.74%
D.100.00%
Please explain. Thank you
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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