A security produced returns of 11 percent, 7 percent, 9 percent, 13 percent, and -14 percent over the past five years, respectively.Based on these five years, what is the probability that this stock will earn more than 16.16 percent in any one given year?
A) .5 percent
B) 1.0 percent
C) 2.5 percent
D) 5.0 percent
E) 16.0 percent
Correct Answer:
Verified
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