Suppose the returns on a particular asset are normally distributed. Also suppose the asset had an average return of 12.1% and a standard deviation of 26.6%. Use the NORMDIST function in Excel® to determine the probability that in any given year you will lose money by investing in this asset. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.): Probability 32.46 %

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Suppose the returns on a particular asset are normally distributed. Also suppose the
asset had an average return of 12.1% and a standard deviation of 26.6%. Use the
NORMDIST function in Excel to determine the probability that in any given year you will
lose money by investing in this asset. (Do not round intermediate calculations and
enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.):
Probability
32.46 %
Transcribed Image Text:Suppose the returns on a particular asset are normally distributed. Also suppose the asset had an average return of 12.1% and a standard deviation of 26.6%. Use the NORMDIST function in Excel to determine the probability that in any given year you will lose money by investing in this asset. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.): Probability 32.46 %
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