SOA Exam P Sample Question 327
Study guide: Exam P-1
Individual burglary claim amounts covered by policies of an insurance company are normally distributed with mean 2500 and standard deviation 500.
The probability that the mean of a random sample of 100 claims will exceed K is 0.01.
Calculate K.
- A) 2505
- B) 2512
- C) 2616
- D) 3663
- E) 4950
Answer this question and see the worked solution