Table $1$: Maple Corsico Inc. $($MCl$)$

$\backslash$table$[[,\backslash$table$[[$Conventional Gasoline$],[$Operating Income$],[($millions of Canadian$],[$Dollars$)]],\backslash$table$[[$Quarterly $($Average$)$ Spot$],[$Price FOB $($USD per$],[$Gallon$)]],\backslash$table$[[$CAD$/$USD Exchange$],[$Rate$],[(1$ USD $=$ X$],[$CAD$)]]],[$Q$3/16,36\mathrm{.}54,2\mathrm{.}9263,1\mathrm{.}3841],[$Q$2/16,46\mathrm{.}2,2\mathrm{.}9753,1\mathrm{.}1621],[$Q$1/16,-21\mathrm{.}42,3\mathrm{.}0870,1\mathrm{.}0623],[$Q$4/15,124\mathrm{.}71,2\mathrm{.}8473,0\mathrm{.}9922],[$Q$3/15,64\mathrm{.}64,3\mathrm{.}0367,1\mathrm{.}0196],[$Q$2/15,51\mathrm{.}88,3\mathrm{.}0367,0\mathrm{.}9970],[$Q$1/15,38\mathrm{.}05,3\mathrm{.}2017,1\mathrm{.}0520],[$Q$4/14,57\mathrm{.}24,2\mathrm{.}7960,1\mathrm{.}3129],[$Q$3/14,102\mathrm{.}76,2\mathrm{.}9013,1\mathrm{.}3315],[$Q$2/14,106\mathrm{.}79,3\mathrm{.}0963,1\mathrm{.}1199],[$Q$1/14,85\mathrm{.}10,2\mathrm{.}7860,1\mathrm{.}0310],[$Q$4/13,103\mathrm{.}88,2\mathrm{.}3080,0\mathrm{.}9838],[$Q$3/13,41\mathrm{.}55,2\mathrm{.}1760,1\mathrm{.}0500],[$Q$2/13,88\mathrm{.}42,2\mathrm{.}2257,1\mathrm{.}0291],[$Q$1/13,80\mathrm{.}99,2\mathrm{.}1290,1\mathrm{.}0692],[$Q$4/12,93\mathrm{.}41,2\mathrm{.}0083,1\mathrm{.}2925],[$Q$3/12,99\mathrm{.}67,2\mathrm{.}0273,1\mathrm{.}2493],[$Q$2/12,68\mathrm{.}70,1\mathrm{.}8357,1\mathrm{.}0671],[$Q$1/12,64\mathrm{.}63,1\mathrm{.}4923,1\mathrm{.}0519],[$Q$4/11,73\mathrm{.}51,1\mathrm{.}5010,1\mathrm{.}0167],[$Q$3/11,78\mathrm{.}43,3\mathrm{.}0760,0\mathrm{.}9634],[$Q$2/11,45\mathrm{.}91,3\mathrm{.}3577,1\mathrm{.}0646],[$Q$1/11,68\mathrm{.}17,2\mathrm{.}5717,1\mathrm{.}1627],[$Q$4/10,93\mathrm{.}42,2\mathrm{.}4677,1\mathrm{.}3006],[$Q$3/10,74\mathrm{.}31,2\mathrm{.}1893,1\mathrm{.}2688],[$Q$2/10,87\mathrm{.}56,2\mathrm{.}4857,1\mathrm{.}1050],[$Q$1/10,88\mathrm{.}00,2\mathrm{.}0247,1\mathrm{.}0174],[$Q$4/09,85\mathrm{.}44,1\mathrm{.}7627,0\mathrm{.}9979],[$Q$3/09,46\mathrm{.}51,2\mathrm{.}1533,0\mathrm{.}9702],[$Q$2/09,79\mathrm{.}65,2\mathrm{.}4667,1\mathrm{.}0153],[$Q$1/09,87\mathrm{.}32,1\mathrm{.}8677,1\mathrm{.}2610],[,,,]]$Refer to Table $1$ on the Excel file. Using the data from $2009$ Q$2$ to $2016$ Q$3$ to get

the expected percentage price change and volatility, what is the probability of

seeing the CAD$/$USD exchange rate increase by more than $5\%?$

$34\mathrm{.}1\%$

$40\mathrm{.}6\%$

$65\mathrm{.}9\%$

$15\mathrm{.}9\%$

$52\mathrm{.}0\%$