Question: The historical returns on a portfolio had an average return of 7% and a standard deviation of 4%. Assume returns on the portfolio follow a

 The historical returns on a portfolio had an average return of

The historical returns on a portfolio had an average return of 7% and a standard deviation of 4%. Assume returns on the portfolio follow a bell-shaped distribution. Use the empirical rule to answer the following questions. a. What percentage of returns were between 3 percent and 11 percent? b. What percentage of returns were greater than 11 percent? c. What percentage of returns were below 1 percent

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