SOA Exam P Sample Question 436
Study guide: Exam P-1
An insurance policy has been purchased for a windmill farm. The policy will pay to compensate for the loss of revenue resulting from certain weather hazards that shut down the farm. Each such loss is exponentially distributed with standard deviation 1000.
Calculate the probability that a random loss exceeds 1500 given that it exceeds the mean.
- A)
0.22 - B)
0.39 - C)
0.50 - D)
0.61 - E)
0.78
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