SOA Exam P Sample Question 312
Study guide: Exam P-1
An actuary determines the following regarding an individual auto policyholder:
- (i) The probability that the auto policyholder will file a medical claim is 0.30.
- (ii) The probability that the auto policyholder will file a property claim is 0.42.
- (iii) The probability that the auto policyholder will file a medical claim or a property claim is 0.60.
Calculate the probability that the auto policyholder will file exactly one type of claim, given that the policyholder will not file both types of claims.
- A) 0.45
- B) 0.48
- C) 0.52
- D) 0.55
- E) 0.60
Answer this question and see the worked solution