Question
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 14.7 percent and
| Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 14.7 percent and the standard deviation of those returns in this period was 43.59 percent. |
| What is the approximate probability that your money will double in value in a single year?
|
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
