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| Teaching Since: | May 2017 |
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| Questions Answered: | 27237 |
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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Assuming the returns from holding small-company stocks are normally distributed. Also assume the average annual return for holding the small-company stocks for a period of time was 16.2 percent and the standard deviation of those stocks for the period was 34.7 percent.Requirement 1:What is the approximate probability that your money will double in value in a single year? (Do not include the percent sign (%). Round your answer to 3 decimal places (e.g., 32.161).) Probability % Requirement 2:What is the approximate probability that your money will triple in value in a single year? (Do not include the percent sign (%). Round your answer to 8 decimal places (e.g., 32.16161616).) Probability %
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