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SOA Exam P Question 81 | Multivariate Normal Approximation
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Claims filed under auto insurance policies follow a normal distribution with mean 19,400
and standard deviation 5,000.
Calculate the probability that the average of 25 randomly selected claims exceeds 20,000.
(A) 0.01
(B) 0.15
(C) 0.27
(D) 0.33
(E) 0.45
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and standard deviation 5,000.
Calculate the probability that the average of 25 randomly selected claims exceeds 20,000.
(A) 0.01
(B) 0.15
(C) 0.27
(D) 0.33
(E) 0.45
You can find the link to the questions below:
The link to the answers below:
Check out my other channel Rumi's Life:
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