Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose the returns on a particular asset are norm

Suppose the returns on a particular asset are normally distributed. The asset had...

50.1K

Verified Solution

Question

Accounting

image

Suppose the returns on a particular asset are normally distributed. The asset had an average return of 10.7 percent and a standard deviation of 21.8 percent. Use the NORMDIST function in Excel to determine the probability that in any given year you will lose money by investing in this asset. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16

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

Physics
1.2K views

Which graph is true for 4p orbital of H like atom RPF Radial probability function...

Statistics
1.2K views

diameter age 1.8 4 1.8 5 2.2 8 4.4 8 6.6 8 4.4 10 7.7 10 10.8 12 7.7 13 5.5 14 9.9 16 10.1 18 12.1 20 12.8 22 10.3 23 14.3 25 13.2 28 9.9 29 13.2 30 15.4 30 17.6 33 14.3 34 15.4 35 11 38 15.4 38 16.5 40 16.5 42 The data table below gives the diameter and age of 27 trees that were cut down...

Mechanical Engineering
1.2K views

Interpret typical creep curve and use mathematical analysis to predict creep behaviour

Biology
1.2K views

What is the impact of a low-fiber diet on people with Type 1 diabetes? Use...

Biology
1.2K views

5 What is a main reason for staff turnover OA Not enough breaks and an...

Biology
1.2K views

Mutations in the adenomatous polyposis coli APC gene increase the risk of developing colorectal cancer...

Physics
1.2K views

I Doublet of sodium A II Wavelength corresponding to temperature associated with B the isotropic...

Geometry
1.2K views

Question 10 Points 1 Which of the following transformations carry the given regular polygon onto...

Basic Math
1.2K views

A poll of 1146 U.S. adults found that 972 U.S. adults,or 84.817% regularly used Facebook...

Calculus
1.2K views

What is f x if f x 40x p

Accounting
1.2K views

Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of...

Accounting
1.2K views

The journal entry to record taking a discount when paying for goods previously purchased on...