SOA Exam P Sample Question 141
Study guide: Exam P-1
Losses covered by a flood insurance policy are uniformly distributed on the interval [0, 2]. The insurer pays the amount of the loss in excess of a deductible d.
The probability that the insurer pays at least 1.20 on a random loss is 0.30.
Calculate the probability that the insurer pays at least 1.44 on a random loss.
- A) 0.06
- B) 0.16
- C) 0.18
- D) 0.20
- E) 0.28
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