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Average return on a portfolio is 1 2 . 2 percent with a standard deviation of 1 9 . 7 percent. Assuming that the frequency

Average return on a portfolio is 12.2 percent
with a standard deviation of 19.7 percent.
Assuming that the frequency distribution is at
least approximately normal, the probability that
the return in a given year is in the range of _________
is about 5 perce-37.05 percent to 61.45 percentnt. (OPTIONS) a.-17.35 percent to 41.75 percent.
b.-37.05 percent to 61.45 percent. c.-27.2 percent to 51.6 percent. d.-7.5 percent to 31.9 percent

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