SOA Exam P Sample Question 345
Study guide: Exam P-1
An actuary wishes to predict the size W of a claim using a predictor T. Suppose that W and T are independent and normally distributed with the same mean and with variances 4 and 12, respectively.
Calculate P[|W-T| < 1].
- A) 0.20
- B) 0.23
- C) 0.38
- D) 0.60
- E) 0.68
Answer this question and see the worked solution