Actuarial Notes

SOA Exam P Sample Question 451

Study guide: Exam P-1

A system has three mutually independent components. Each component has a lifetime that is modeled by a random variable with density function

f(y) = \begin{cases}
e^{-(y-5)}, & \text{for } y > 5 \\
0, & \text{otherwise.}
\end{cases}

The system will fail when any of the three components fail.

Calculate the expected lifetime of the system.

  • A) 5.20
  • B) 5.33
  • C) 5.67
  • D) 6.00
  • E) 6.33

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