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Suppose the returns on an asset are normally distributed. The average annual return for the asset...

Suppose the returns on an asset are normally distributed. The average annual return for the asset over some period was 6.6 percent and the standard deviation of this asset for that period was 9.0 percent.

  

Based on this information, what is the approximate probability that your return on this asset will be less than -3.1 percent in a given year?

      


   

What range of returns would you expect to see 95 percent of the time?

     


    

What range would you expect to see 99 percent of the time?

     

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WHE I DID THIS TYPE OF SUM EARLIER, NORMAL DISTRIBUTION EXCEL FUNCTION IS TO BE USED. IT WAS MENTIONED IN SUM. SO I HAVE DONE THIS SUM SAME WAY. NEED ANY CHANGE, LET ME KNOW

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