Let X denote the monthly percentage (%) change in the price of gold. Suppose the expected monthly

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Let "X" denote the monthly percentage (%) change in the price of gold.

Suppose the expected monthly % price change of gold, E[X] = 0.60%. and the monthly volatility of the price of gold, s = 9.40%.

What is the probability that over the next month, the price of gold declines by more than 9%?

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jul 07, 2023 03:12 AM

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Let X denote the monthly percentage (%) change in the price of gold. Suppose the expected monthly

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Microeconomics An Intuitive Approach with Calculus

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