You observe a portfolio for five years and determine that its average annual return is 13% and the standard deviation of its returns is 21%. Can you be 95% confident that this portfolio will not lose more than 30% of its value next year

There is a 95% probability that the portfolio would not loose more than 30% of its value.

Step-by-step explanation:

The confidence interval for proportions (p) is:

The information provided is:

For 95% confidence level the critical value of z is:

The 95% confidence interval for average annual return is:

The lower limit of the 95% confidence interval is -28%.

This implies that the portfolio would not loose more than 28% of its value.

Thus, there is a 95% probability that the portfolio would not loose more than 30% of its value.

number one is the correct answer

step-by-step explanation: dogs and cats are mentioned, no other animals

look at the picture.

y-intercept for the function on a picture is 4 → point (0, 4).

y-intercept for the function

is for x = 0. substitute:

y-intercept is 8 → point (0, 8).