Assume the returns on an asset are normally distributed. Suppose the historical average annual return for the asset was 5 percent and the standard deviation was 18.4 percent. What is the probability that your return on this asset will be less than –6.5 percent in a given year? Use the NORMDIST function in Excel® to answer this question
what is the probability?
What range of returns would you expect to see 95 percent of the time? 95%
95%level______%to______%
99% level _____% to _____%