Niles is making an investment with an expected return of 12 per cent. If the standard deviation of the return is 4.5 per cent, and if Niles is investing $100,000, then what dollar amount is Niles 95 per cent sure that he will have at the end of the year?
A) $100,000.00
B) $104,597.50
C) $116,500.00
D) $119,402.50

Question

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The Answer of Niles is making an investment with an expected return of 12 per cent. If the standard deviation of the return is 4.5 per cent, and if Niles is investing $100,000, then what dollar amount is Niles 95 per cent sure that he will have at the end of the year?
A) $100,000.00
B) $104,597.50
C) $116,500.00
D) $119,402.50

Niles Is Making an Investment with an Expected Return of 12