SOA Exam P Sample Question 679
Study guide: Exam P-1
Claims paid against a particular insurance policy are equal to the amount of the loss and follow a normal distribution with mean 525 and standard deviation 100.
A deductible, d, is written into the policy and applies separately to each loss. As a result, only 14% of the losses result in a claim payment exceeding 500.
Calculate d.
- A)
36 - B)
39 - C)
61 - D)
83 - E)
133
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