SOA Exam P Sample Question 637
Study guide: Exam P-1
The daily numbers of claims processed by an insurance company can be regarded as independent observations from a distribution having mean 3300 and standard deviation 130.
Calculate the approximate probability that the insurance company processes more than one million claims over a 303-day period.
- A)
0.22 - B)
0.48 - C)
0.50 - D)
0.52 - E)
0.78
Answer this question and see the worked solution