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vazorg [7]
3 years ago
7

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

was 17.4 percent and the standard deviation of those returns in this period was 43.77 percent. What is the approximate probability that your money will double in value in a single year?
Business
1 answer:
ArbitrLikvidat [17]3 years ago
5 0

Answer:

Approximate probability 0.0295709

Explanation:

  • Average annual return 17.40%  

  • SD 43.77%  

  • Probability for double 0.0295709

        NORM.DIST(17.4%,100%,43.77%,TRUE)

  • Probability for Triple    0.00001511 NORM.DIST(17.4%,200%,43.77%,TRUE)

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