Suppose that a broker believes that the change in value X of a particular investment over the next two months has the uniform distribution on the interval [12, 24]. Find the value at risk VaR for two months at probability level 0.95.

Week 10 & 11: Confidence Intervals for Means Point estimate +- margin of error o Choose the appropriate statistic and its corresponding margin of error based on the problem that is to be solved “margin of error” for estimating the True Mean of a population MOE at 95% confidence= the amount that when added and subtracted to the true population mean will define a region that will include the middle 95% of all possible x-bar values Confidence vs. probability o Before a sample is collected, there is a 95% probability that the future to be computed sample mean, will fall within m.o.e. units of u o After the sample is collected, the computed