EXAMPLE 14.4 Innls Investments Is a small. famlly-owned buslness that manages personal flnanclal portfollos. The company manages slx mutual funds and…

For the Innis Investments example in Chapter 14, suppose that the investment returns are uncertain. Assume that each can be modeled as a lognormal distribution with a mean equal to the expected return in the example and a standard deviation equal to 10% of the mean. Use Analytic Solver Platform to maximize the expected return and find the distribution of the expected return.