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FRM Level 1 candidate

Hi @David Harper CFA FRM CIPM Thnkx for reply. But I still hv few doubts. Like u said N^-1(2%)= 2. So as per that what I'm getting on solving this is N[(.02+ .3159)/.94868] = .3541 As N= 1 so it won't matter in multiplication. Which is no where near the .128 And how do I use Normal...

i just gone through Vasicek model for "Worst Case Default Rate" and the formula says:- in most of the cases X= 99.1% and N= 1 year. the issue is i'm not able to get the of N^-1 ?? how to solve this?? Ques: Suppose that a bank has a total of $100 million of retail exposures of varying sizes...