Question

A life insurer sells whole life insurance. Her chance of having no deaths in each accounting...

A life insurer sells whole life insurance. Her chance of having no deaths in each accounting period is 52%. If there is a claim, it will follow a normal distribution with mean of 100 and variance of 300.

If claim sizes increase by 3% and the chance of a claim remains constant, what will be the new variance for the claim sizes?

Math   Statistics-And-Probability   
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