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As part of your duties in the risk management division of a bank, you are analyzing a sample of daily returns on a portfolio of

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As part of your duties in the risk management division of a bank, you are analyzing a sample of daily returns on a portfolio of financial assets. Assume that your sample comes from a population that is normally distributed with mean 0.024 and standard deviation 0.011. Due to regulatory requirements, you have to find the value q such that the probability of a randomly selected return r being more than q is 0.025: i.e. P(r > q) - 0.025 Calculate the value q. Give your answer accurate to 4 decimal places

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