SOA Exam P Sample Question 575
Study guide: Exam P-1
An insurer's quarterly profits are independent and normally distributed with mean 8 and standard deviation 24. A quarterly loss counts as a negative profit.
Let Z represent the standard normal random variable.
Determine the probability that the insurer makes an overall positive profit in a given four-quarter period.
- A)
P[Z > -3.00] - B)
P[Z > -1.50] - C)
P[Z > -0.67] - D)
P[Z > -0.33] - E)
P[Z > -0.17]
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