Problem: An investment strategy has an expected return of 10 percent and a standard deviation of 7 percent. Assume investment returns are bell shaped.
a. How likely is it to earn a return between 3 percent and 17 percent? (Enter your response as decimal values (not percentages) rounded to 2 decimal places.)
b. How likely is it to earn a return greater than 17 percent? (Enter your response as decimal values (not percentages) rounded to 2 decimal places.)
c. How likely is it to earn a return below -4 percent? (Enter your response as decimal values (not percentages) rounded to 3 decimal places.)