Assume N(d₂)= N(3.0155)= 0.9987.Given this assumption,a drawing from the standardized normal distribution has a ________ percent probability of being less than ________.

Question

Quizplus · Accepted Answer

Since N(d₂) = 0.9987, we know that the area under the curve to the left of 3.0155 is 0.9987. This means that a drawing from the standardized normal distribution has a 99.87% probability of being less than 3.0155. Therefore, the answer is choice C, which matches both the probability and the value.

Assume N(d2)= N(3

Assume N(d₂)= N(3