Pension Examiner Question: Download Pension Examiner PDF
Tell me what is lognormal distribution in the context to insurance?
Answer:
Lognormal distribution is a probability distribution that is used as a model to claim size distribution; it is positively skewed and has a range from zero to infinity.
| Previous Question | Next Question |
| What is the Casualty Actuarial Society? | Why did you leave your last job as Pension Examiner? |