SOA Exam P Sample Question 244
Study guide: Exam P-1
The table below shows the joint probability function of a sailor’s number of boating accidents and number of hospitalizations from these accidents this year.
| Number of Hospitalizations from Accidents | ||||
|---|---|---|---|---|
| Number of Accidents | 0 | 1 | 2 | 3 |
| 0 | 0.700 | |||
| 1 | 0.150 | 0.050 | ||
| 2 | 0.060 | 0.020 | 0.010 | |
| 3 | 0.005 | 0.002 | 0.002 | 0.001 |
Calculate the sailor’s expected number of hospitalizations from boating accidents this year.
- A) 0.085
- B) 0.099
- C) 0.410
- D) 1.000
- E) 1.500
Answer this question and see the worked solution