Assume: N(d₂)= N(3.0155)= .9987.Given this assumption,a drawing from the standardized normal distribution has a ____ percent probability of being less than _____.

Question

Quizplus · Accepted Answer

The given assumption tells us that N(d₂) = N(3.0155) has a probability of .9987. This means that there is a 99.87% probability that a standardized normal distribution value will be less than 3.0155. Thus, the answer is C, which states that the probability is 99.87% and the value is 3.0155.

Assume: N(d2)= N(3

Assume: N(d₂)= N(3