Question
An actuarial analyst models the amount of a claim, of an automobile insurance with a normal distribution with mean HKD 10,000 and standard deviation HKD
An actuarial analyst models the amount of a claim, of an automobile insurance with a normal distribution with mean HKD 10,000 and standard deviation HKD 2,000. Calculate the value at risk at 2.5% for the loss of the claim amount of the above automobile insurance.
- 13920
- 12000
- 12564
- 13290
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
