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Teaching Since:
Apr 2017
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442 Weeks Ago, 2 Days Ago
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Education
bachelor in business administration
Polytechnic State University Sanluis Jan-2006 - Nov-2010
CPA
Polytechnic State University Jan-2012 - Nov-2016
Experience
Professor
Harvard Square Academy (HS2) Mar-2012 - Present
Category > AccountingPosted 10 May 2017My Price10.00
Based on the research of Ibbotson Associates
Based on the research of Ibbotson Associates, a Chicago investment firm, and Prof. Jeremy Siegel of the Wharton School of the University of Pennsylvania, the average return on large-company stocks since 1920 has been 10.5% per year and the standard deviation has been 4.75%. Assuming a normal distribution for stock returns (and that the trend will continue this year), what is the probability that a largecompany stock you’ve just bought will make in 1 year at least 12%? Will lose money? Will make at least 5%?