Question
The gain from a project is equally likely to have any value between -$0.15 million and +$0.85 million. What is the 99% value at risk?
The gain from a project is equally likely to have any value between -$0.15 million and +$0.85 million. What is the 99% value at risk?
Step by Step Solution
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Step: 1
Expected gain 05 015 05 085 ...
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Step: 2
Step: 3
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
