Find approximate probability that money will double

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Question: Assume that the returns from an asset are normally distributed The average annual return for this asset over a specific period was 17.1 percent and the standard deviation of those returns in this period was 41.7 percent.

What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Probability of doubling 7.22

What about triple in value? (Do not round intermediate calculations. Enter your answer as a percent rounded to decimal places, e.g., 32.161616.) Probability of tripling 18

Reference no: EM131937559

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Find approximate probability that money will double : What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations).

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