The question gives a normal distribution for annual profit. It then says to hold capital at the 99th percentile. Wouldn't everyone agree that we should hold at the left tail here and not the right? But the answer is calculating the right tail 99th percentile.
This question made me so enraged. Shows how little exposure the exam writers have to this material...
This question made me so enraged. Shows how little exposure the exam writers have to this material...
2014 #22
0 commentaires:
Enregistrer un commentaire