SOA Exam P Sample Question 54
Study guide: Exam P-1
An insurer's annual weather-related loss, X, is a random variable with density function
f(x) = \begin{cases} \frac{2.5(200)^{2.5}}{x^{3.5}}, & x > 200 \\ 0, & \text{otherwise.} \end{cases}
Calculate the difference between the 30^{\text{th}} and 70^{\text{th}} percentiles of X.
- A) 35
- B) 93
- C) 124
- D) 231
- E) 298
Answer this question and see the worked solution