SOA Exam P Sample Question 504
Study guide: Exam P-1
A construction worker experiences a back injury resulting in a loss on an insurance policy. Losses under the policy are uniformly distributed on the interval [2, 10]. The insurer reimburses the worker for 60% of this loss.
Calculate the 30th percentile of the construction worker's unreimbursed loss from the back injury.
- A)
1.76 - B)
1.80 - C)
2.64 - D)
3.04 - E)
4.40
Answer this question and see the worked solution