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Suppose that an individual stock's return is normally distributed with a mean of 9.3% and a standard deviation of 4.4%. Suppose that all stocks
Suppose that an individual stock's return is normally distributed with a mean of 9.3% and a standard deviation of 4.4%. Suppose that all stocks had the same distribution of returns. What return must a stock have such that it is higher than 90% of all other stocks? (please round your answer to 2 decimal places and express your answer as a percentage)
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Statistics For Engineers And Scientists
Authors: William Navidi
3rd Edition
73376345, 978-0077417581, 77417585, 73376337, 978-0073376332
