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Following is the actual monthly returns for Bitcoin for the past 3 months Oct, 2022: -16.23% Nov, 2022: -3.62% Dec, 2022: 27.43% Hand-calculate (i.e. without

Following is the actual monthly returns for Bitcoin for the past 3 months Oct, 2022: -16.23% Nov, 2022: -3.62% Dec, 2022: 27.43%

Hand-calculate (i.e. without the use of Excel) the following:

(1) The arithmetic average return for Bitcoin a. (-0.1623) + (-0.0362) + 0.2743 / 3 = 0.02526 = 2.526%

(2) The standard deviation for Bitcoin

(3) Assuming normal distribution, calculate the range of return that Bitcoins investor is expected to earn: a. 68% of the time; b. 95% of the time, and c. 99% of the time.

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