SOA Exam P Sample Question 66
Study guide: Exam P-1
Claims filed under auto insurance policies follow a normal distribution with mean 19,400 and standard deviation 5,000.
Calculate the probability that the average of 25 randomly selected claims exceeds 20,000.
- A) 0.01
- B) 0.15
- C) 0.27
- D) 0.33
- E) 0.45
Answer this question and see the worked solution