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 in this period was 41.70 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).)
Double in value_______ %
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).)
Triple in value ______%
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