Answer Please the Question below with Brief explanation - Please write your answer here in TYPE form not as a picture

14) If the daily returns on the stock market are normally distributed with a mean of .05% and a standard deviation of 1%, what is the probability that the stock market would have a return of -23% or worse on one particular day (as it did on Black Monday)? (DO NOT PANIC!!! Hint: this question is designed to test your understanding of the normal distribution and Value at Risk! Remember if we add and subtract one-standard deviation we cover a certain percent of the probable values in a normal distribution