Historical Preformance:

AAPL Average ( R ): 1.96%

AAPL St. Dev. ( R ) 6.94%

AAPL Variance ( R ) 0.004818

1a.) Based on the table above, what is the probability that APPL return will be less than -6%?

A. 6.94% B. 7.16% C. 12.58% D. 15.54% E. 19.27%

1b.) Based on the table above, if your investment is $500,000, with probability of 0.15, your investment losses will be over _______

A. $50,000 B. $34,692 C. $45,000 D. $26,184 E. $12,532