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/transcript Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.2

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/transcript Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.2 percent and the standard deviation in this period was 43.92 percent. a. What is the approximate probability that your money will double in value in a single year? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What about triple in value? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 6 decimal places, e.g., 32.161616. > Answer is complete but not entirely correct. a. Double in value b. Triple in value 2.97 % 60.139500 %

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