SOA Exam P Sample Question 489
Study guide: Exam P-1
The amount of loss under an insurance policy is uniformly distributed on [10, 60]. The insurer will reimburse the full amount of the loss up to a maximum benefit. The expected benefit per loss is equal to 31.
Calculate the maximum benefit under the policy.
- A)
35 - B)
38 - C)
40 - D)
52 - E)
56
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