PRMIA Exam 8007 Topic 1 Question 28 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement ? 2015 Edition exam

Question #: 28
Topic #: 1

[All Mathematical Foundations of Risk Measurement ? 2015 Edition Questions]

Let N(.) denote the cumulative distribution function and suppose that X and Y are standard normally distributed and uncorrelated. Using the fact that N(1.96)=0.975, the probability that X 0 and Y 1.96 is approximately

A0.25%

B0.488%

C0.49%

D0.495%

Show Suggested Answer

Suggested Answer: B

by Rodolfo at May 03, 2022, 08:23 PM

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