Given That Z Is a Standard Normal Random Variable,what Is

question 120

Multiple Choice

Given that Z is a standard normal random variable,what is the probability that -2.51 Z-1.53?

• A)0.4950
• B)0.4370
• C)0.0570
• D)0.9310

---

Definitions:

Consequential Damages

Special damages that compensate for a loss that is not direct or immediate (for example, lost profits). The special damages must have been reasonably foreseeable at the time the breach or injury occurred in order for the plaintiff to collect them.

Liability

A legal responsibility or obligation, particularly in the context of debts or torts.

Liquidated Damages Provision

A contractual clause that specifies a predetermined amount of money that must be paid as damages in the event of a contract breach by one of the parties.

Future Default

The possibility or likelihood of failing to make future payments on debt obligations.