Consider the following monthly returns. Year Month Return in (%) 2022 6 -0.1 2022 5 -10.3 2022
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Consider the following monthly returns.
| Year | Month | Return in (%) |
| 2022 | 6 | -0.1 |
| 2022 | 5 | -10.3 |
| 2022 | 4 | -14.7 |
| 2022 | 3 | 12.9 |
| 2022 | 2 | 13.7 |
| 2022 | 1 | 8.8 |
| 2021 | 12 | 11.2 |
| 2021 | 11 | 24.5 |
| 2021 | 10 | 30.2 |
| 2021 | 9 | 25.6 |
| 2021 | 8 | 5.2 |
| 2021 | 7 | 21.1 |
a. Calculate the average monthly return in % (Round to closest 2 decimal places).
b. Calculate the standard deviation of monthly return in % (Round to closest 2 decimal places).
c. With 95% confidence, the expected return as of next month will fall in the range between -17.30% and ________(Round to closest 2 decimal places).
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