Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The returns of a stock follow the normal distribution, with average return of 13.2% and standard deviation of 23.7%. What is the probability that in

The returns of a stock follow the normal distribution, with average return of 13.2% and standard deviation of 23.7%. What is the probability that in any given year, the stock's return will be between -16.4% and +38.3%?

Group of answer choices

0.84

0.50

0.91

0.75

0.65

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee

5th Edition

0910944008, 978-0910944007

More Books

Students also viewed these Finance questions

Question

A study based on

Answered: 1 week ago