Actuarial Notes

SOA Exam P Sample Question 463

Study guide: Exam P-1

The number of brake repair jobs a particular bus needs in a year is modeled by a Poisson distribution. The probability that the bus needs at least one brake repair job this year is 0.10.

Calculate the probability that the bus needs at least two brake repair jobs this year.

  • A) 0.0052
  • B) 0.0100
  • C) 0.0500
  • D) 0.1054
  • E) 0.3303

Answer this question and see the worked solution

Concepts tested

More questions from this set