SOA Exam P Sample Question 353
Study guide: Exam P-1
A community college provides life insurance to its employees. The amount of insurance, X, of a randomly selected employee is modeled by a distribution with density function
f(x) = \begin{cases}
\dfrac{8}{x^3}, & \text{for } x > 2 \\
0, & \text{otherwise,}
\end{cases}where X is measured in tens of thousands.
Calculate the probability that an employee is insured for no more than 30,000, given that the employee is insured for at least 25,000.
- A)
0.20 - B)
0.31 - C)
0.44 - D)
0.64 - E)
0.69
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