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QUANT - CFA, FRM, PRM Exam Discussion Forum | EduPristine

QUANT

pooja923
Good Student
Posts: 28
Joined: Fri Mar 11, 2016 11:38 am

QUANT

Postby pooja923 » Thu May 12, 2016 1:07 pm


edupristine
Finance Junkie
Posts: 912
Joined: Wed Apr 09, 2014 6:28 am

Re: QUANT

Postby edupristine » Sat May 14, 2016 6:35 am

Hi Pooja

the correct answer is %.71%

as Z= ($12000-$26000)/8960
= -1.58
from the table of area under the standard normal curve , 5.71%, of the observations are more than 1.58 standard deviations below the mean


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