
Ultimate access to all questions.
A quantitative analyst is building a model whose output depends on the value of a financial variable, X. The analyst assumes X is a random variable that follows a normal distribution with a mean of 40 and a standard deviation of 14. What is the probability that X lies outside the range between 12 and 61?
A
4.56%
B
6.18%
C
8.96%
D
18.15%