# The annual return distributions (distribution, mean and variance) for stocks X and Y are specified as rx~N(0.10,

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## Question:

The annual return distributions (distribution, mean and variance) for stocks X and Y are specified as

*rx~N(0.10, 0.04)*

*ry~N(0.15, 0.09)*

With the bare minimum of calculations, outline which stock will have the lower 1-year value-at-risk (VaR) at the 95% and 99% levels.

**Related Book For**

## Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell