Question: This problem is from a Loss Models Class. Let X be a normal distribution with parameters mean =1 and variance =4. Define the random variable

This problem is from a Loss Models Class.

Let X be a normal distribution with parameters mean =1 and variance =4. Define the random variable Y = e^X.

  1. Find E(Y)
  2. The 95th percentile of the standard normal distribution is 1.645. Find the 95th percentile of Y.

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