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A) A fraction changed from 1/5 to 7/8. The numerator changed by what % and the denominator changed by what %.
B) Assume a normal distribution with an average return of 7% and a standard deviation of 3%. Which probability would be correct
i. 68% chance of an actual return above 10% or below 4%
ii. 16% chance of ana ctual return below 4%
iii. 2.5% chance of an actual return above 1%
iv. 0.5% chance of an actual return above 13%
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All major stock markets today are effectively _______________.
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