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

Answer rating: 100% (QA)

The value of the risk at 25 for the loss of the cla... View the full answer