The historical returns on a balanced portfolio have had an average return of 14% and a standard deviation of 19%. Assume that returns on this portfolio follow a normal distribution. Use the empirical rule for normal distributions to answer the following questions.

a.	What percentage of returns were greater than 33%?(Round your answer to 1 decimal place.)

Percentage of returns

%

b.	What percentage of returns were below24%?(Round your answer to 1 decimal place.)

Percentage of returns

%