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Losses on the loan portfolio of ABC, International Bank are normally distributed. During the years 2015 to 2019, the annual loss data was $ 3,

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Losses on the loan portfolio of ABC, International Bank are normally distributed. During the years 2015 to 2019, the annual loss data was $ 3, $ 4, $ 4.5, $ 5 and $ 6 million respectively. The probability associated with each annual loss is 20%. Using the Normal probability distribution and knowing that the standard deviation is $ 1 million, the probability of a loss occurring for 2019 between $ 4.5 million and $ 7 million would be Select one: to. 4918 b..4938 C..4981 d. 4965

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