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Probability that your money will double

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Assuming the returns from holding small-company stocks are normally distributed. Also assume the average annual return for holding the small-company stocks for a period of time was 16.2 percent and the standard deviation of those stocks for the period was 34.7 percent.

Requirement 1:What is the approximate probability that your money will double in value in a single year? (Do not include the percent sign (%).

Round your answer to 3 decimal places (e.g., 32.161).) Probability % Requirement 2:What is the approximate probability that your money will triple in value in a single year? (Do not include the percent sign (%). Round your answer to 8 decimal places (e.g., 32.16161616).) Probability %

Reference no: EM131828357

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