Your money will double in value in single year

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Reference no: EM131888560

Assume 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 17.1 percent and the standard deviation of those stocks for the period was 35 percent. Use the NORMDIST function in Excel® to answer the following questions.

What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.)

Probability %

What is the approximate probability that your money will triple in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 8 decimal places, e.g., 32.16161616.)

Probability %

Reference no: EM131888560

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