Problem 49A
The aggregate claim amount (in millions) in a year for a block of fire insurance policies is modeled by a random variable where has a normal distribution with mean 4 and variance 2. What is the expected annual aggregate claim amount?
Problem 49B
The aggregate claim amount (in millions) in a year for a block of fire insurance policies is modeled by a random variable where has a normal distribution with mean 1.15 and variance 1.2. What is the probability that the annual aggregate claim amount will be less than the expected annual aggregate claim amount?
____________________________________________
____________________________________________
Answers

Answers can be found in this page.
____________________________________________