Suppose the returns on large-company stocks are normally distributed. Also suppose large-company stocks had an average return of 12.2% and a standard deviation of 27.8%. Use the NORMDIST function in Excel® to answer the following question:
Required:Determine the probability that in any given year you will lose money by investing in common stock. (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)
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