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. What is the lower boundary of the maximum expected loss

= - 2.43%

Step-by-step explanation:

From the information given:

Since the variable (daily returns) is normally distributed, Then, using empirical rule at 95% confidence interval level, we have:

where;

The expected mean daily return

The standard deviation

Given that the 95% confidence interval is expected to be a maximum loss, then the probability is left-tailed which is 1.65 away from the average.

Thus the distribution of the lower boundary can be computed as:

=

=

=

= - 2.43%

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.

it will cost dollar $540

the living room is 3 which means if we divide 325/3 then we get $108

therefore if 1part of the living room cost $108 and 3 costed $325

then total 5part of the room will cost 5*108 which gives $540