SOA Exam P Sample Question 205
Study guide: Exam P-1
The time until the next car accident for a particular driver is exponentially distributed with a mean of 200 days.
Calculate the probability that the driver has no accidents in the next 365 days, but then has at least one accident in the 365-day period that follows this initial 365-day period.
- A) 0.026
- B) 0.135
- C) 0.161
- D) 0.704
- E) 0.839
Answer this question and see the worked solution