SOA Exam P Sample Question 116
Study guide: Exam P-1
A student takes a multiple-choice test with 40 questions. The probability that the student answers a given question correctly is 0.5, independent of all other questions.
The probability that the student answers more than N questions correctly is greater than 0.10. The probability that the student answers more than N+1 questions correctly is less than 0.10.
Calculate N using a normal approximation with the continuity correction.
- A) 23
- B) 25
- C) 32
- D) 33
- E) 35
Answer this question and see the worked solution