SOA Exam P Sample Question 109
Study guide: Exam P-1
Automobile claim amounts are modeled by a uniform distribution on the interval [0, 10,000]. Actuary A reports X, the claim amount divided by 1000. Actuary B reports Y, which is X rounded to the nearest integer from 0 to 10.
Calculate the absolute value of the difference between the 4^{\text{th}} moment of X and the 4^{\text{th}} moment of Y.
- A) 0
- B) 33
- C) 296
- D) 303
- E) 533
Answer this question and see the worked solution