SOA Exam P Sample Question 670
Study guide: Exam P-1
The loss on an automobile policy is normally distributed with mean 2500 and standard deviation 500.
The premium P for the policy is set such that the probability that a loss exceeds P is 5%.
Calculate the amount by which P exceeds the median loss.
- A)
822 - B)
980 - C)
2500 - D)
3322 - E)
3480
Answer this question and see the worked solution