SOA Exam P Sample Question 568
Study guide: Exam P-1
Policyholders of a particular type of insurance policy will have either zero claims or one claim. The probability of zero claims is 20%. If a claim is received, the claim size follows a normal distribution with mean 50,000 and standard deviation c.
The probability that a randomly selected policyholder has a claim exceeding 55,000 is 0.1837.
Calculate c.
- A)
5546 - B)
6125 - C)
6490 - D)
6756 - E)
7120
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