Actuarial Notes

CAS Exam MAS-I Spring 2019, Question 1

Study guide: Exam MAS-I

Cars arrive according to a Poisson process at a rate of two per hour.

Calculate the probability that in a given hour, exactly one car will arrive during the first ten minutes and no other cars will arrive during that hour.

  • A) Less than 0.03
  • B) At least 0.03 but less than 0.06
  • C) At least 0.06 but less than 0.09
  • D) At least 0.09 but less than 0.12
  • E) At least 0.12

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