Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A.Your stock investment returns were 8%, 12%, and -4% in consecutive years. What is the average return? . (Use decimals, not percent in your calculation

A.Your stock investment returns were 8%, 12%, and -4% in consecutive years. What is the average return?

. (Use decimals, not percent in your calculation and for your answer. Round your answer to 4 decimal places.)

B. What is the sample standard deviation of your investment's return?

(Use decimals, not percent in your calculations. Round to 5 decimal places in intermediate steps and round to 4 decimal places in the final step.)

C. Using the standard deviation and mean that you just calculated, and assuming a normal probability distribution, what is the probability of losing 3% or more?

%. (Use percent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian

9th Canadian Edition

1259271935, 9781259271939

More Books

Students also viewed these Finance questions