Actuarial Notes

SOA Exam P Sample Question 470

Study guide: Exam P-1

The random variable X follows a distribution with probability function

p(x) = \left(\frac{1}{5}\right)\left(\frac{4}{5}\right)^x, \qquad \text{for } x = 0, 1, 2, \ldots

Calculate \text{Var}\bigl(X \mid X > 1\bigr).

  • A) 13
  • B) 16
  • C) 20
  • D) 22
  • E) 24

Answer this question and see the worked solution

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