SOA Exam P Sample Question 523
Study guide: Exam P-1
You are given the following information about two insurance policies:
i) Losses covered by each policy follow a normal distribution with mean 8000.
ii) Losses covered by Policy I have standard deviation k.
iii) Losses covered by Policy II have standard deviation 1.5k.
The pth percentile of losses covered by Policy I is equal to the 81st percentile of losses covered by Policy II.
Calculate p.
- A)
83.2 - B)
85.7 - C)
88.2 - D)
90.6 - E)
93.2
Answer this question and see the worked solution