Actuarial Notes

SOA Exam P Sample Question 462

Study guide: Exam P-1

Each person in a large population independently has probability p of testing positive for diabetes, 0 < p < 1. People are tested for diabetes, one person at a time, until a test is positive. Individual tests are independent.

Determine the probability that m or fewer people are tested, given that n or fewer people are tested, where 1 \leq m \leq n.

  • A) \dfrac{m}{n}
  • B) (1-p)^{m-n}
  • C) 1 - (1-p)^m
  • D) \dfrac{1 - p^m}{1 - p^n}
  • E) \dfrac{1 - (1-p)^m}{1 - (1-p)^n}

Answer this question and see the worked solution

Concepts tested

More questions from this set