Question: 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

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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