Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.0 percent and the standard deviation in this period was 43.68 percent.
What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
Double in value % ( )
What about triple in value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 6 decimal places (e.g., 32.161616).)
Triple in value %