Lester Has a Portfolio with an Average Return of 13 $\begin{array}{cr}\text { Probability } & \text { "z" value } \\\text { of loss } & \\1.0\% & 2.326 \\2.5 & 1.960 \\5.0 & 1.645\end{array}$

question 87

Multiple Choice

Lester has a portfolio with an average return of 13.5% and a standard deviation of 22.5%. He has a 1% probability of losing ________% or more in any given year.
$\begin{array}{cr}\text { Probability } & \text { "z" value } \\\text { of loss } & \\1.0\% & 2.326 \\2.5 & 1.960 \\5.0 & 1.645\end{array}$

• A)33.97
• B)38.84
• C)20.23
• D)5.04
• E)8.37

---

Definitions:

Political Tactic

Strategies and maneuvers individuals or groups use to gain power, influence decisions, and achieve desired outcomes within organizational settings.

Communication

The process of exchanging information, ideas, thoughts, and feelings through spoken words, written messages, or non-verbal means among individuals or groups.

Taking Counsel

The act of seeking advice or guidance from knowledgeable individuals or groups in making decisions or solving problems.

Political Tactic

Strategies or maneuvers used to gain advantage or support within an organizational, social, or political context, often involving subtle, indirect, or manipulative actions.