SOA Exam P Sample Question 611
Study guide: Exam P-1
An insurer's loss severity random variable, X, has density function
f(x) = \begin{cases}
c(x - 5), & 5 \le x \le 8 \\
c(11 - x), & 8 \le x \le 11 \\
0. & \text{otherwise}
\end{cases}where c is a constant.
Calculate the 30th percentile of the loss severity.
- A)
5.47 - B)
6.14 - C)
6.80 - D)
7.06 - E)
7.32
Answer this question and see the worked solution