Answer to Question #334561 in Statistics and Probability for salman mahad

Question

An investor puts $2,000 into a deposit account with a fixed rate of return of 10% per year. A second sum of $1,000 is invested in a fund with an expected rate of return of 16% and a standard deviation of 8% per year. a. Find the expected value of the total amount of money this investor will have after a year. b. Find the standard deviation of the total amount after a year.

Answer 1

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