You are examining the stock returns for Random Inc which are assumed to be normally distributed. The expected return is 18%, and the standard deviation of the returns is 11%. Random's coefficient of variation is 1.1, and their stock's beta is 0.7. There is an 84% chance that you will earn less than about what return in the coming year?
You are examining the stock returns for Random Inc which are assumed to be normally distributed. The expected return is 18%, and the standard deviation of the returns is 11%. Random's coefficient of variation is 1.1, and their stock's beta is 0.7. There is an 84% chance that you will earn less than about what return in the coming year?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 10E
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