Assume that the standard deviation of daily returns for marcus, inc. stock in a recent period is 1.5 percent. furthermore, a 95 percent confidence interval is desired for the maximum loss. daily returns are normally distributed, and the expected daily return is 0.05 percent. assume that peter monkorian has a $5 million investment in marcus, inc. stock. his expected maximum daily loss in dollars is $
a. 99,000
b. 121,500
c. 33,750
d. none of these choices are correct.

Acme foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. a sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier. on average, sample consumers reliably say the new chip is saltier when its saltiness value is 108, but not when its saltiness value is below 108. assuming acme foods' sample consumers are representative of people in general, which of the following best represents the just noticeable difference for saltiness? a. 8% b. 108 c. 80% d. 100