Question 3 MANI 20ITAMIHTAM JAISAUTA (MAX JAM XOOM) The return of an investment has the following probability density function: YA 018 024 Inoilesu f(r)=0.034567r³, r≥0.1. OWT VA ox of baol blow jedi 10.01:2/1u5d Determine the downside semi-variance for the return. Then, without further calculation, explain why the shortfall probability for this investment will always be more than 0%.

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Question 3 MANIT & DITAMBHTAM JAISAUTOA MAYA 401E02A
(MAX3 JAMII ZOOM)
The return of an investment has the following probability density function:
I noites00
f(r)=0.034567r, r20.1.
ovizasoxo or brol bluow indi zeid zo opeinued to esqui (S) OWT yas hoitsuskopro duke dinobl
Determine the downside semi-variance for the return. Then, without further calculation, explain
why the shortfall probability for this investment will always be more than 0%.
Transcribed Image Text:Question 3 MANIT & DITAMBHTAM JAISAUTOA MAYA 401E02A (MAX3 JAMII ZOOM) The return of an investment has the following probability density function: I noites00 f(r)=0.034567r, r20.1. ovizasoxo or brol bluow indi zeid zo opeinued to esqui (S) OWT yas hoitsuskopro duke dinobl Determine the downside semi-variance for the return. Then, without further calculation, explain why the shortfall probability for this investment will always be more than 0%.
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