If the Daily Returns on the Stock Market Are Normally

Multiple Choice

If the daily returns on the stock market are normally distributed with a mean of 0.05% and a standard deviation of 1.00%,the probability that the stock market would have a return of -23.00% or worse on one particular day (as it did on Black Monday) is approximately __________.

A) 0.0%
B) 0.1%
C) 1.0%
D) 10.0%