SOA Exam P Sample Question 401
Study guide: Exam P-1
Let X be a normally distributed random variable representing the amount of an individual claim of a policyholder covered by a group health policy.
You are given that \text{Var}(X) = 250{,}000 and P[X < 1000] = 0.3446.
Calculate the difference between the 90th percentile of X and the median of X.
- A)
241 - B)
441 - C)
641 - D)
822 - E)
980
Answer this question and see the worked solution