Answer:
There is a 95% probability that the portfolio would not loose more than 30% of its value.
Step-by-step explanation:
The confidence interval for proportions (<em>p</em>) is:

The information provided is:

For 95% confidence level the critical value of <em>z</em> is:

The 95% confidence interval for average annual return is:

The lower limit of the 95% confidence interval is -28%.
This implies that the portfolio would not loose more than 28% of its value.
Thus, there is a 95% probability that the portfolio would not loose more than 30% of its value.