SOA Exam P Sample Question 181
Study guide: Exam P-1
Losses covered by an insurance policy are modeled by a uniform distribution on the interval [0, 1000]. An insurance company reimburses losses in excess of a deductible of 250.
Calculate the difference between the median and the 20th percentile of the insurance company reimbursement, over all losses.
- A) 225
- B) 250
- C) 300
- D) 375
- E) 500
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