SOA Exam P Sample Question 53
Study guide: Exam P-1
An insurance policy is written to cover a loss, X, where X has a uniform distribution on [0, 1000]. The policy has a deductible, d, and the expected payment under the policy is 25% of what it would be with no deductible.
Calculate d.
- A) 250
- B) 375
- C) 500
- D) 625
- E) 750
Answer this question and see the worked solution