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You hold a portfolio of securities which have had the following annual returns: {4%, 18%, -22%, 0%, 20%, 10%}. You believe that these returns are
You hold a portfolio of securities which have had the following annual returns: {4%, 18%, -22%, 0%, 20%, 10%}. You believe that these returns are normally distributed. What is the probability that the return in any given year will be less than the arithmetic mean?
Select one:
a.
50%
b.
30%
c.
15%
d.
25%
e.
75%
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