SOA Exam P Sample Question 596
Study guide: Exam P-1
An insurance company's annual profit is normally distributed. The probability that the annual profit exceeds 3.50 is 0.3264 and the probability that it exceeds 3.62 is 0.2743.
Calculate the variance of the insurance company's annual profit.
- A)
0.44 - B)
0.64 - C)
0.80 - D)
1.25 - E)
1.56
Answer this question and see the worked solution