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Snacks Inc. has a mean expected return of 15%, with a standard deviation of 3%. The CFO is going to the bank to discuss a

Snacks Inc. has a mean expected return of 15%, with a standard deviation of 3%. The CFO is going to the bank to discuss a large loan. The banker asks what range of returns, with a 95% confidence level, will contain Snacks true expected returns next year.

1.

(12%, 18%)

2.

Cannot calculate due to the lack of information

3.

(9%, 21%)

4.

(-1%, 31%)

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