SOA Exam P Sample Question 58
Study guide: Exam P-1
A probability distribution of the claim sizes for an auto insurance policy is given in the table below:
| Claim Size | Probability |
|---|---|
| 20 | 0.15 |
| 30 | 0.10 |
| 40 | 0.05 |
| 50 | 0.20 |
| 60 | 0.10 |
| 70 | 0.10 |
| 80 | 0.30 |
Calculate the percentage of claims that are within one standard deviation of the mean claim size.
- A) 45%
- B) 55%
- C) 68%
- D) 85%
- E) 100%
Answer this question and see the worked solution