Actuarial Notes

SOA Exam P Sample Question 397

Study guide: Exam P-1

The combined results of employee satisfaction surveys taken at each of Store A and Store B are given in the following table, in which satisfaction is ranked from 0 to 5.

Satisfaction Combined Frequencies over Stores A and B
0 9
1 6
2 12
3 6
4 6
5 9

Among only the employees of Store A, the frequency of each response is at least 4. Store A has three modes, each with a frequency of 8.

Calculate the largest possible number of modes for Store B.

  • A) 0
  • B) 1
  • C) 2
  • D) 3
  • E) 5

Answer this question and see the worked solution

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