SOA Exam P Sample Question 202
Study guide: Exam P-1
A representative of a market research firm contacts consumers by phone in order to conduct surveys. The specific consumer contacted by each phone call is randomly determined. The probability that a phone call produces a completed survey is 0.25.
Calculate the probability that more than three phone calls are required to produce one completed survey.
- A) 0.32
- B) 0.42
- C) 0.44
- D) 0.56
- E) 0.58
Answer this question and see the worked solution