SOA Exam P Sample Question 400
Study guide: Exam P-1
An insurance policy provides coverage for two types of claims. Let X and Y denote the numbers of monthly claims of Type I and Type II, respectively. The joint probability function of X and Y is given by
p(x,y) = \frac{8 - 2x - y}{54}, \qquad \text{for } x = 0, 1, 2 \text{ and } y = 0, 1, 2, 3.Calculate the probability that there are in total at least two claims on this policy in the coming month.
- A)
0.19 - B)
0.28 - C)
0.39 - D)
0.52 - E)
0.61
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