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Question - Over the past five years, your investment provided the following percentage returns:
Year Annual Return
2016 4.589%
2017 5.315%
2018 -5.140%
2019 -2.295%
2020 14.590%
Required - Calculate the following statistics: (1/1000 of one percent without % sign, e.g. 12.671, if a negative percentage, -9.56):
1) Arithmetic mean for annual returns
2) Standard deviation (sample):
Assume that the frequency distribution of annual returns followed a normal distribution.
What is the range that you would expect the annual returns to fall within 95% of the time?
3) Lower limit of annual return
4) Upper limit of annual return
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