SOA Exam P Sample Question 22
Study guide: Exam P-1
An actuary studied the likelihood that different types of drivers would be involved in at least one collision during any one-year period. The results of the study are:
| Type of driver | Percentage of all drivers | Probability of at least one collision |
|---|---|---|
| Teen | 8% | 0.15 |
| Young adult | 16% | 0.08 |
| Midlife | 45% | 0.04 |
| Senior | 31% | 0.05 |
| Total | 100% |
Given that a driver has been involved in at least one collision in the past year, calculate the probability that the driver is a young adult driver.
- A) 0.06
- B) 0.16
- C) 0.19
- D) 0.22
- E) 0.25
Answer this question and see the worked solution