Question
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 14.6 percent and
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 14.6 percent and the standard deviation of those returns in this period was 42.9 percent.What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
**The answer to this is 2.33%, but please read on...as I need help with finding the probability that the money will TRIPLE in value in a single year**
What about triple in value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 6 decimal places, e.g., 32.161616.) - This is what I need help with. Thank you. |
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