THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 204

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Let the random variable X follow a normal distribution with a mean of 17.1 and a standard deviation of 3.2.
-What is P(15 < X < 20) ?

• A)0.5581
• B)0.1814
• C)0.5640
• D)0.2546

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Definitions:

Spot Rate

The current market price at which a particular currency can be bought or sold for immediate delivery.

Forward Rate

The agreed-upon exchange rate for a currency transaction that will occur at a future date.

Forward Contract

A financial agreement to buy or sell an asset at a future date at a price established at the outset, used to hedge against price fluctuations.

Spot Rate

The current market price at which a currency can be bought or sold for immediate delivery and payment.