Sir, I have the similar sort of question. Please refer to CT6 IFoA April 2008's Q. 10's last portion. I am sending you the screenshots. They asked for P(S>500) and P(T>500) for compound binomial distributions. They used 550 instead of using 500.5, why? Kindly let me know. I am stuck.
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Last edited by a moderator: Aug 6, 2017