Question
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.1 percent and
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.1 percent and the standard deviation of those returns in this period was 41.7 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.) |
Probability of doubling =?
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