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Period 2017 2018 2019 2020 Performance Inflation (CPI) 14% 2% 2% 1% 10% 2% -2%...

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Period 2017 2018 2019 2020 Performance Inflation (CPI) 14% 2% 2% 1% 10% 2% -2% 1% 1. What is the arithmetic average real return over the past 4 years? (2 Points) What is the standard deviation of this sample of real returns (assuming arithmetic average)? (2 Points) What distribution of real returns (again, assuming an arithmetic average) would you expect 95% of the time? (2 Points)

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