You are saving money for 3 years before you build a house


You are saving money for 3 years before you build a house. You have two investment options available to help you save. The first option, Plan A, produces a return of 8% a year, with a standard deviation of 1%. The second option, Plan B, also produces a return of 8% a year, but the standard deviation is 4%. Which plan do you choose? Why?

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Basic Statistics: You are saving money for 3 years before you build a house
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