Suppose that the rate of return on a stock is normally distributed with a mean...

80.2K

Verified Solution

Question

Finance

Suppose that the rate of return on a stock is normally distributed with a mean of 15% and a standard deviation of 20%. When calculating the approximate 95% confidence interval for the rate of return on the stock, what is the upper bound?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students