Sally Smith has had past investments in fine wine with mixed results. For her most recent...

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Sally Smith has had past investments in fine wine with mixed results. For her most recent purchase she has an expected return of 10% but is interested in determining the likely variation in returns. Based on her assessment the variance of returns from this investment is likely to be 9%. Required: Given the information provided, and seeking a level of accuracy attached to possible returns of 95%, what would be the: (1) highest positive likely return, and (2) the overall range of returns (from highest to lowest), to Sally from her most recent fine wine purchase? (1) 13.00%, (2) 7.00% (1) 17.73%, (2) 7.73% (1) 15.88%, (2) 4.12% (1) 9.50%, (2) 6.65% (1) 15.88%, (2) 11.76% (1) 13.00%, (2) 11.76% O (1) 9.5%, (2) 6.65% Sally Smith has had past investments in fine wine with mixed results. For her most recent purchase she has an expected return of 10% but is interested in determining the likely variation in returns. Based on her assessment the variance of returns from this investment is likely to be 9%. Required: Given the information provided, and seeking a level of accuracy attached to possible returns of 95%, what would be the: (1) highest positive likely return, and (2) the overall range of returns (from highest to lowest), to Sally from her most recent fine wine purchase? (1) 13.00%, (2) 7.00% (1) 17.73%, (2) 7.73% (1) 15.88%, (2) 4.12% (1) 9.50%, (2) 6.65% (1) 15.88%, (2) 11.76% (1) 13.00%, (2) 11.76% O (1) 9.5%, (2) 6.65%

Answer rating: 100% (QA)

1 Highest positive return 95 2 Range 695 to 505 Explanation Re... View the full answer