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BestAct reports on fraud losses each month. Total fraud losses for the year were $1,400,000, with a monthly standard deviation of $95,000, and a mean
BestAct reports on fraud losses each month. Total fraud losses for the year were $1,400,000, with a monthly standard deviation of $95,000, and a mean loss of $135,000. Using the statistical method and at a 99% confidence level what is the annual VAR to the nearest $000?
Select one:
a. 767
b. 252
c. 325
d. 932
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