Luca Alberti, a Hungarian florist, is considering two alternative investments. In both cases she is unsure about

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Luca Alberti, a Hungarian florist, is considering two alternative investments. In both cases she is unsure about the percentage return but believes that her uncertainty can be represented by normal distributions with the means and standard deviations shown in the accompanying table. Luca wants to make the investment that is more likely to produce a return of at least 9%. Which investment should she choose?

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Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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