Question: If a random variable follows a normal distribution, what is the probability that the random variable is outside the range from -1.96 standard deviations to

 If a random variable follows a normal distribution, what is the

If a random variable follows a normal distribution, what is the probability that the random variable is outside the range from -1.96 standard deviations to +1.96 standard deviations from the mean? 5.00%10.00%90.00%95.00%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!