Actuarial Notes

SOA Exam P Sample Question 201

Study guide: Exam P-1

A group of 100 patients is tested, one patient at a time, for three risk factors for a certain disease until either all patients have been tested or a patient tests positive for more than one of these three risk factors. For each risk factor, a patient tests positive with probability p, where 0 < p < 1. The outcomes of the tests across all patients and all risk factors are mutually independent.

Determine an expression for the probability that exactly n patients are tested, where n is a positive integer less than 100.

  • A) \left[1-3p^2(1-p)\right]^{n-1}\left[3p^2(1-p)\right]
  • B) \left[1-3p^2(1-p)-p^3\right]^{n-1}\left[3p^2(1-p)+p^3\right]
  • C) \left[1-3p^2(1-p)-p^3\right]\left[3p^2(1-p)+p^3\right]^{n-1}
  • D) n\left[1-3p^2(1-p)-p^3\right]^{n-1}\left[3p^2(1-p)+p^3\right]
  • E) 3\left[(1-p)^{n-1}p\right]^2\left[1-(1-p)^{n-1}p\right]+\left[(1-p)^{n-1}p\right]^3

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