SOA Exam P Sample Question 396
Study guide: Exam P-1
An insurance policy covers losses incurred by a policyholder, subject to a deductible of 20. Losses incurred follow a distribution with probability density function
f(x) = \begin{cases}
kx^{0.25}, & \text{for } 0 < x < 100 \\
0, & \text{otherwise,}
\end{cases}where k is a constant.
Calculate the 90th percentile of losses that exceed the deductible.
- A)
89 - B)
90 - C)
91 - D)
92 - E)
93
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