SOA Exam P Sample Question 630
Study guide: Exam P-1
An insurer sells a homeowners insurance policy that has a deductible of 2. Homeowners loss amounts follow an exponential distribution with mean 1.
Calculate the expected claim payment made for a homeowners loss.
- A)
e^{-2} - B)
2e^{-2} - C)
e^{-1} - D)
3e^{-2} - E)
1
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