Assuming That the Change in Daily Closing Prices for Stocks

Multiple Choice

Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a random variable that is normally distributed with a mean of $0.35 and a standard deviation of $0.33. Based on this information, what is the probability that a randomly selected stock will be lower by $0.40 or more?

A) 2.27
B) 0.4884
C) 0.0116
D) 0.9884