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Suppose the returns on a particular asset are normally distributed. The asset had an average return of 1 2 . 2 percent and a standard

Suppose the returns on a particular asset are normally distributed. The asset had an average return of 12.2 percent and a standard deviation of 27.8 percent. Use the NORMDIST function in Excelraise to the power of to determine the probability that in any given year you will lose money by investing in this asset.

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