SOA Exam P Sample Question 319
Study guide: Exam P-1
A company is marketing an investment opportunity to four potential customers. The company believes that its probability of making a sale is 0.7 for each of the first three customers but that it is only 0.2 for the fourth customer. The customers' purchases are independent.
Calculate the probability that at most two customers purchase the investment.
- A) 0.18
- B) 0.39
- C) 0.57
- D) 0.71
- E) 0.82
Answer this question and see the worked solution