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QUESTION
Below is my question. I really don't know where to start with this one. All steps and explanation would be greatly appreciated!
Below is my question. I really don't know where to start with this one. All steps and explanation would be greatly appreciated!
Assume a Normal distribution with an average return of 7% and a standard deviation of 2%. What is the probability of an actual return of (a) more than 11%; and (b) less than 5%?
