Niles is making an investment with an expected return of 12 percent. If the standard deviation

of the return is 4.5 percent, and if Niles is investing $100,000, then what dollar amount is Niles

90 percent sure that he will have at the end of the year? (Do not round intermediate

computations).

Answer rating: 100% (QA)

To solve this problem we need to use the concept of the normal distribution and the zscore ... View the full answer