If Z Is a Standard Normal Variable, Find the Probability

question 189

Multiple Choice

If z is a standard normal variable, find the probability.
-P(z > 0.59)

• A) 0.2224
• B) 0.2776
• C) 0.2190
• D) 0.7224

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Definitions:

Variance

A statistical measure of the dispersion of returns for a given security or market index.

Elasticity

A measure of how much the demand or supply of a product changes in relation to a change in one of its determinants like price.

Hedge Ratio

A ratio used to reduce financial risk, representing the proportion of a position hedged to the total position size.

Hedge Ratio

The ratio used to manage risk in financial portfolios, determining the size of a position required to offset potential losses.