Suppose that from previous experience, you know that given investment is normally distributed, has a mean...

Suppose that from previous experience, you know that given investment is normally distributed, has a mean return of 12%, and there is an 82% chance that the investment’s return is less than (or equal to) 16%. What is the standard deviation of the investment’s return?

please explain how to find z.

Expert Solution

orchestra answered 1 year ago

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