SOA Exam P Sample Question 18
Study guide: Exam P-1
An auto insurance company insures drivers of all ages. An actuary compiled the following statistics on the company's insured drivers:
| Age of Driver | Probability of Accident | Portion of Company's Insured Drivers |
|---|---|---|
| 16–20 | 0.06 | 0.08 |
| 21–30 | 0.03 | 0.15 |
| 31–65 | 0.02 | 0.49 |
| 66–99 | 0.04 | 0.28 |
A randomly selected driver that the company insures has an accident.
Calculate the probability that the driver was age 16–20.
- A) 0.13
- B) 0.16
- C) 0.19
- D) 0.23
- E) 0.40
Answer this question and see the worked solution