The historical returns on a balanced portfolio have had an average return of 8 and a standard deviation of 12 Assume that returns on this portfolio follow a normal distribution Use the empirical rule for normal distributions to answer the following questions a What percentage of returns were greate...

Let X represent the return on the portfolio a A return of 20 is one standard deviation above ...

The historical returns on a balanced portfolio have had an average return of 8% and a standard

Question:

The historical returns on a balanced have had an average return of 8% and a standard deviation of 12%. Assume that returns on this follow a normal distribution. Use the empirical rule for normal distributions to answer the following questions.
a. What percentage of returns were greater than 20%?
b. What percentage of returns were below 216%?

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...