Question
Let X denote the monthly percentage (%) change in the price of gold. Suppose the expected monthly % price change of gold, E[X] = 0.60%.
Let "X" denote the monthly percentage (%) change in the price of gold.
Suppose the expected monthly % price change of gold, E[X] = 0.60%. and the monthly volatility of the price of gold, s = 9.40%.
What is the probability that over the next month, the price of gold declines by more than 9%?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
