For example, for a fund with a mean annual return of 10% and a standard deviation of 2%, you would expect the return to be between 8% and 12% about 68%of the time, and between 6% and 14% about 95% of the time.
An act of a legislature that declares, proscribes, or commands something; a specific law, expressed in writing. A statute is a written law passed by a legislature on the state or federal level. Statutes set forth general propositions of law that courts apply to specific situations. A statute may forbid a certain act, direct a certain act, make a declaration, or set forth governmental mechanisms to aid society.
Legislation is the act or process of making or enacting laws. Some people think there should be more legislation in the area of education and some people think there should be less â governments debates the matter periodically. The noun legislation refers to the actual law enacted by a legislative body at the national, state, or local level. There has been some very odd legislation over the years. In one state it was illegal to kiss on a train; in another, it was illegal to take a bath on Sunday. The sweeping legislation made radical changes to tax law, health care, and immigration law.