Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

The historical returns on a balanced portfolio have had an average return of 13% and a standard deviation of 16%. Assume that returns on this

image text in transcribedimage text in transcribed

The historical returns on a balanced portfolio have had an average return of 13% and a standard deviation of 16%. Assume that returns on this portfolio follow a normal distribution. (You may find it useful to reference the z table.) a. What percentage of returns were greater than 45%? (Round your final answer to 2 decimal places.) Percentage of returns b. What percentage of returns were below -35%? (Round your final answer to 2 decimal places.) Percentage of returns Business interns from a small private college earn an average annual salary of $43,000. Let the salary be normally distributed with a standard deviation of $18,000. (You may find it useful to reference the z table.) a. What percentage of business interns make between $40,000 and $50,000? (Round your final answer to 2 decimal places.) Percentage of high school teachers % b. What percentage of business interns make more than $80,000? (Round your final answer to 2 decimal places.) Percentage of high school teachers %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

IFRS 3rd edition

978-1118978085

Students also viewed these Finance questions