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In this video, we will look at Sample Question 81 from the Society of Actuaries' Exam P (Probability) list of sample questions.
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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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#Calculus #Actuary #ExamP #Probability #Theory #Math #Tutorial #Science #Education
