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For the confidence level of 90% how o u get the stdeviation of 1.82?
How would u do yr method here, can u explain me, the marking scheme luks abrupt?You work back using the normal distribution tables to see how many std deviations give an answer of 0.4. (For 90% confidence we need 90 – 50 = 40% below the mean. 40% = 0.4)
I explain this all in detail in my lecture on VAR.
If its 0.4 then under the SD Table, the closest value is 0.4015 then 1.29 but in the MS its 1.282
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