SOA Exam P Sample Question 285
Study guide: Exam P-1
Appraisals of the value of a necklace are uniformly distributed on the interval [\theta-3,\, \theta+1], where \theta is the actual price the owner paid for the necklace. Four mutually independent appraisals are obtained.
Let L denote the lowest of the four appraisals and H the highest.
Calculate P[L < \theta < H].
- A) 0.152
- B) 0.188
- C) 0.600
- D) 0.680
- E) 0.996
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