SOA Exam P Sample Question 184
Study guide: Exam P-1
An actuary compiles the following information from a portfolio of 1000 homeowners insurance policies:
- i) 130 policies insure three-bedroom homes.
- ii) 280 policies insure one-story homes.
- iii) 150 policies insure two-bath homes.
- iv) 30 policies insure three-bedroom, two-bath homes.
- v) 50 policies insure one-story, two-bath homes.
- vi) 40 policies insure three-bedroom, one-story homes.
- vii) 10 policies insure three-bedroom, one-story, two-bath homes.
Calculate the number of homeowners policies in the portfolio that insure neither one-story nor two-bath nor three-bedroom homes.
- A) 310
- B) 450
- C) 530
- D) 550
- E) 570
Answer this question and see the worked solution