SOA Exam P Sample Question 263
Study guide: Exam P-1
In any 12-month period, the probability that a home is damaged by fire is 20% and the probability of a theft loss at a home is 30%. The occurrences of fire damage and theft loss are independent events.
Calculate the probability that a randomly selected home will either be damaged by fire or will have a theft loss, but not both, during the next year.
- A) 0.30
- B) 0.38
- C) 0.44
- D) 0.50
- E) 0.56
Answer this question and see the worked solution