(Answered) The daily rate of return on a stock is assumed to be

Management Studies

The daily rate of return on a stock is assumed to be normally distributed with mean 0.114 (11.40%) and variance 0.107 (10.70%).

Note: you should do all your calculations using floating point numbers (decimals) rather than percentages.

What is the probability that the daily rate of return on this stock is less than 0.068 (6.80%) (2dp)?

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