SOA Exam P Sample Question 250
Study guide: Exam P-1
A delivery service owns two cars that consume 15 and 30 miles per gallon. Fuel costs 3 per gallon. On any given business day, each car travels a number of miles that is independent of the other and is normally distributed with mean 25 miles and standard deviation 3 miles.
Calculate the probability that on any given business day, the total fuel cost to the delivery service will be less than 7.
- A) 0.13
- B) 0.23
- C) 0.29
- D) 0.38
- E) 0.47
Answer this question and see the worked solution