Question
The daily percentage change in an exchange rate is compared to a normal distribution with the same mean and standard deviation. Which of the following
The daily percentage change in an exchange rate is compared to a normal distribution with the same mean and standard deviation. Which of the following is true?
Group of answer choices
Small exchange rate moves are less likely and large exchange rate moves are more likely than with the normal distribution.
Large exchange rate moves are less likely and small exchange rate moves are more likely than with the normal distribution.
Both small and large exchange rate moves are more likely than with the normal distribution.
Both small and large exchange rate moves are less likely than with the normal distribution.
Both small and large exchange rate moves are equally likely as with the normal distribution.
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