For a Normal Distribution Curve with a Mean of 15

question 44

Multiple Choice

For a normal distribution curve with a mean of 15 and a standard deviation of 3, which range of the variable defines an area under the curve corresponding to a probability of approximately 68%?

• A) from 13.5 to 16.5
• B) from 12 to 18
• C) from 15 to 21
• D) from 9 to 21

---

Definitions:

Callable Bond

A type of bond that gives the issuer the right to repay the bond before its maturity date at a predetermined call price.

Term Bond

A bond that reaches its maturity date at the same time, where the principal amount is due in a lump sum at the end.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the issuer's equity at certain times during its life, usually at the discretion of the bondholder.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily align with the calendar year.