SOA Exam P Sample Question 251
Study guide: Exam P-1
Two independent estimates are to be made on a building damaged by fire. Each estimate is normally distributed with mean 10b and variance b^2.
Calculate the probability that the first estimate is at least 20 percent higher than the second.
- A) 0.023
- B) 0.100
- C) 0.115
- D) 0.221
- E) 0.444
Answer this question and see the worked solution