Actuarial Notes

SOA Exam P Sample Question 459

Study guide: Exam P-1

For its group life policies, an insurer models the number of claims per group as independent Poisson random variables with common mean 16.

The insurer randomly selects 64 of its groups.

Calculate the probability that the average number of claims per group is between 15 and 18.

  • A) 0.29
  • B) 0.38
  • C) 0.95
  • D) 0.98
  • E) 1.00

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