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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 exceed two standard deviations above the mean? Select one: a. 15.87% b. 11.78% c. 2.28% d. 9.24%
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