SOA Exam FAM Sample Question 6
Study guide: Exam FAM
You are given:
Claim Size (X) |
Number of Claims |
|---|---|
| (0, 25] | 25 |
| (25, 50] | 28 |
| (50, 100] | 15 |
| (100, 200] | 6 |
Assume a uniform distribution of claim sizes within each interval.
Calculate E(X^2) - E[(X \wedge 150)^2].
- A) Less than 200
- B) At least 200, but less than 300
- C) At least 300, but less than 400
- D) At least 400, but less than 500
- E) At least 500
Answer this question and see the worked solution