SOA Exam P Sample Question 320
Study guide: Exam P-1
An actuary compiles a sample of 100 auto insurance claims. The sizes of these sampled claims are independently and identically distributed with mean 1000 and standard deviation 400.
Calculate the approximate probability that the sum of the sizes of the 100 claims is less than 92,000.
- A) 0.023
- B) 0.050
- C) 0.421
- D) 0.579
- E) 0.977
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