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The S&P 500 index mean yearly return is 9.42% and the standard deviation of the yearly return is 19.74%. On October 19, 1987, the S&P
The S&P 500 index mean yearly return is 9.42% and the standard deviation of the yearly return is 19.74%. On October 19, 1987, the S&P 500 index dropped more than 20%. How many standard deviations is -20% one day return away from the mean?
It locates at _______ standard deviations below the mean return (rounding your answer to the integer)
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