For the Standard Normal Distribution, How Much Confidence Is Provided

question 5

Multiple Choice

For the standard normal distribution, how much confidence is provided within 2 standard deviations above and below the mean?

• A) 97.22%
• B) 95.44%
• C) 99.74%
• D) 99.87%
• E) 90.00%

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Definitions:

Interest Calculation

The process of determining the interest charge on a loan or financial holding, based on the principal, rate, and period.

Time Expression

Phrases or terms used to indicate a specific period during which an event occurs or is scheduled to take place.

Maturity Dates

The specific dates on which a financial instrument such as a bond, loan, or fixed income instrument becomes due and is to be paid off.

95-Day Note

A financial instrument specifying repayment of a loan or debt within 95 days.