SOA Exam P Sample Question 473
Study guide: Exam P-1
Losses under a boat insurance policy are uniformly distributed on the interval [0, 1]. The policy has a fixed deductible.
The expected value of the claim payment on a given loss is 0.245.
Calculate the variance of the claim payment on a given loss.
- A)
0.020 - B)
0.054 - C)
0.062 - D)
0.083 - E)
0.114
Answer this question and see the worked solution