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Your stock investments return 8%, 12%, and -4% in consecutive years. Using the standard deviation and mean that you just calculated, and assuming a normal
Your stock investments return 8%, 12%, and -4% in consecutive years.
Using the standard deviation and mean that you just calculated, and assuming a normal probability distribution, what is the probability of losing 3% or more?
I need the answer and also the formula used to get the answer. Thank you.
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