The Figure Shows a Standard Normal N(0, 1) Distribution

question 114

Multiple Choice

The figure shows a standard normal N(0, 1) distribution. Find the shaded area. C.2 gives 1 - P(z < -2.17) = 1 - .0150 = 0.9750 =1-NORM.S.DIST(-2.17,1) .

• A).6444
• B).7514
• C).9245
• D)0.9850

---

Definitions:

Final Payment

the last payment that completes the payoff of a loan or financial obligation.

Compounded Monthly

The method of calculating interest where the earned interest is added to the principal balance each month.

End-of-month Payments

Payments made at the end of each month, often used in billing cycles or loan agreements.

Car Loan

A financial agreement in which a borrower receives funds to purchase a car and agrees to repay the loan amount plus interest over a specified period.