Multiple Choice
Onyx expects to have an EBIT of $240,000 with a standard deviation of $110,000.The distribution of operating income is approximately normal.If Onyx has interest expenses of $50,000, what is the probability that it will have an operating income that is below $0?
A) 4.27%
B) 1.46%
C) 0.02%
D) 2.4%
Correct Answer:
Verified
Correct Answer:
Verified
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