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Faraaz is the owner of a stock with annual returns of 17.6 percent, 11.7 percent, 5.6 percent, and 9.7 percent for the past four years.
Faraaz is the owner of a stock with annual returns of 17.6 percent, 11.7 percent, 5.6 percent, and 9.7 percent for the past four years. She thinks the stock may achieve a return of 17 percent again this coming year. What is the probability that she is correct?
A) Less than .5 percent B) Greater than .5 percent but less than 1 percent C) Greater than 1 percent but less than 2.5 percent D) Greater than 2.5 percent but less than 16 percent E) Greater than 16 percent
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