SOA Exam P Sample Question 597
Study guide: Exam P-1
A theft insurance company offers two policies, A and B. Under each policy, a loss is uniformly distributed on the interval [a, 19].
For a loss under policy A, the deductible is 0 and the expected value of the claim payment is 10.
For a loss under policy B, the deductible is 4.
Calculate the expected value of the claim payment for a loss under policy B.
- A)
6.00 - B)
6.25 - C)
7.50 - D)
7.89 - E)
8.33
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