SOA Exam P Sample Question 222
Study guide: Exam P-1
Losses incurred by a policyholder follow a normal distribution with mean 20,000 and standard deviation 4,500. The policy covers losses, subject to a deductible of 15,000.
Calculate the 95th percentile of losses that exceed the deductible.
- A) 27,400
- B) 27,700
- C) 28,100
- D) 28,400
- E) 28,800
Answer this question and see the worked solution