SOA Exam P Sample Question 454
Study guide: Exam P-1
Losses under an insurance policy are uniformly distributed on [0, 1000]. The policy has a deductible of 400.
A loss occurred for which the insurance benefit was less than 400.
Calculate the probability that the benefit was more than 300.
- A)
0.100 - B)
0.125 - C)
0.250 - D)
0.750 - E)
0.875
Answer this question and see the worked solution