SOA Exam P Sample Question 198
Study guide: Exam P-1
At a mortgage company, 60% of calls are answered by an attendant. The remaining 40% of callers leave their phone numbers. Of these 40%, 75% receive a return phone call the same day. The remaining 25% receive a return call the next day.
Of those who initially spoke to an attendant, 80% will apply for a mortgage. Of those who received a return call the same day, 60% will apply. Of those who received a return call the next day, 40% will apply.
Calculate the probability that a person initially spoke to an attendant, given that he or she applied for a mortgage.
- A) 0.06
- B) 0.26
- C) 0.48
- D) 0.60
- E) 0.69
Answer this question and see the worked solution