A young investment manager tells his client that the probabilityof making a positive return with his suggested portfolio is 94%. Ifit is known that returns are normally distributed with a mean of6.2%, what is the risk, measured by standard deviation, that thisinvestment manager assumes in his calculation? (Round "z" value to2 decimal places and final answer to 2 decimal places. Note: if youget 7.52 % for your answer, enter it as .08. 7.52% is .0752, sorounding it to 2 decimal places gives .08)
