SOA Exam P Sample Question 65
Study guide: Exam P-1
A charity receives 2025 contributions. Contributions are assumed to be mutually independent and identically distributed with mean 3125 and standard deviation 250.
Calculate the approximate 90^{\text{th}} percentile for the distribution of the total contributions received.
- A) 6,328,000
- B) 6,338,000
- C) 6,343,000
- D) 6,784,000
- E) 6,977,000
Answer this question and see the worked solution