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Suppose the returns on an asset are normally distributed. Suppose the historical average annual return for the asset was 5 . 7 percent and the

Suppose the returns on an asset are normally distributed. Suppose the historical average annual return for the asset was 5.7 percent and the standard deviation was 18.3 percent.
a. What is the probability that your return on this asset will be less than -4.1 percent in a given year? Use the NORMDIST function in Excel ? to answer this question.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
b. What range of returns would you expect to see 95 percent of the time?
Note: A negative answer should be indicated by a minus sign. Enter your answers for the range from lowest to highest. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
c. What range would you expect to see 99.7 percent of the time?
Note: A negative answer should be indicated by a minus sign. Enter your answers for the range from lowest to highest. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
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