_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is les
1 answer:
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Answer: -29.75% to 52.33%
Explanation:
Given the Average return and the standard deviation, the range that is to be expected 95% of the time can be calculated by;
Upper bound = Average + (2 * standard deviation)
Lower Bound = Average - (2 * standard deviation)
Upper bound = 11.29% + (2 * 20.52%)
= 11.29% + 41.04%
= 52.33%
Lower bound = 11.29% - (2 * 20.52%)
= 11.29% - 41.04%
= -29.75%
The range is, -29.75% to 52.33%
