SOA Exam P Sample Question 259
Study guide: Exam P-1
An insurance company examines its pool of auto insurance customers and gathers the following information:
- (i) All customers insure at least one car.
- (ii) 64% of the customers insure more than one car.
- (iii) 20% of the customers insure a sports car.
- (iv) Of those customers who insure more than one car, 15% insure a sports car.
Calculate the probability that a randomly selected customer insures exactly one car, and that the car is not a sports car.
- A) 0.16
- B) 0.19
- C) 0.26
- D) 0.29
- E) 0.31
Answer this question and see the worked solution