bendix co in NJ will receive 15 million pesos tomorrow for its consultancy services. it wants to determine with 90 percent confidence level the maximum 1 day loss due to potential depreciation of the peso. bendix estimate the standard deviation of the daily movement of peso to be 1.5% over 120 days. if the daily movements are normally distributed an assuming An expected change of 1%determine the expected dollar loss for bendix. spite rate : 0.05.
b. how will you result in a be affected if the standard deviation of the daily movement in peso is 2%and the confident lvl rises to 95%