SOA Exam P Sample Question 261
Study guide: Exam P-1
The probability that an agent sells an insurance policy to a potential customer during a first appointment is 0.20. The events of selling an insurance policy to different potential customers during first appointments are mutually independent.
The agent has scheduled first appointments with five potential customers.
Calculate the probability that the agent sells an insurance policy during at least two of these appointments.
- A) 0.04
- B) 0.20
- C) 0.26
- D) 0.40
- E) 0.74
Answer this question and see the worked solution