SOA Exam P Sample Question 166
Study guide: Exam P-1
The distribution of values of the retirement package offered by a company to new employees is modeled by the probability density function
f(x) = \frac{1}{5}e^{-(x-5)/5}, \quad x > 5
Calculate the variance of the retirement package value for a new employee, given that the value is at least 10.
- A) 15
- B) 20
- C) 25
- D) 30
- E) 35
Answer this question and see the worked solution