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.
Statute of bikes Grand Duchy of Lithuania, written in Polish. A statute is a formal written enactment of a legislative authority that governs a state, city or country.Typically, statutes command or prohibit something, or declare policy.Statutes are laws made by legislative bodies and distinguished from case law which is decided by courts, and regulations issued by government agencies. Statutes are sometimes referred to as legislation or  black letter law ..his word is used in contradistinction to the common law. Statutes acquire their force from the time of their passage, unless otherwise provided. Statutes are of several kinds; namely, Public or private. Declaratory or remedial.