SOA Exam P Sample Question 265
Study guide: Exam P-1
A health insurer sells policies to residents of territory X and territory Y. Past claims experience indicates the following:
- i) 20% of the total policyholders from territory X and territory Y combined filed no claims.
- ii) 15% of the policyholders from territory X filed no claims.
- iii) 40% of the policyholders from territory Y filed no claims.
Calculate the probability that a randomly selected policyholder was a resident of territory X, given that the policyholder filed no claims.
- A) 0.09
- B) 0.27
- C) 0.50
- D) 0.60
- E) 0.80
Answer this question and see the worked solution