SOA Exam FAM Sample Question 27
Study guide: Exam FAM
The random variable for a loss, X, has the following characteristics:
x |
F(x) |
E(X \wedge x) |
|---|---|---|
| 0 | 0.0 | 0 |
| 100 | 0.2 | 91 |
| 200 | 0.6 | 153 |
| 1000 | 1.0 | 331 |
Calculate the mean excess loss for a deductible of 100.
- A) 250
- B) 300
- C) 350
- D) 400
- E) 450
Answer this question and see the worked solution