Actuarial Notes

SOA Exam P Sample Question 467

Study guide: Exam P-1

Within a fleet of aircraft, planes are subject to mechanical inspection. For a randomly selected airplane, let X denote the number of inspections in the past year and Y the number of repairs. The joint probability function of X and Y is given by

p(x,y) = \begin{cases}
\dfrac{x - 2y - xy + 3}{18}, & \text{for } x = 1, 2, 3 \text{ and } y = 0, 1 \\
0, & \text{otherwise.}
\end{cases}

Calculate the expected number of repairs per inspection, E\left(\dfrac{Y}{X}\right).

  • A) 3/38
  • B) 11/108
  • C) 11/36
  • D) 1/2
  • E) 11/18

Answer this question and see the worked solution

Concepts tested

More questions from this set