Actuarial Notes

SOA Exam P Sample Question 482

Study guide: Exam P-1

A flight is delayed due to bad weather. The delay time is modeled by a random variable with a continuous uniform distribution. The expected delay time is three hours, and the standard deviation of the delay time is one hour.

Calculate the shortest possible delay time, in hours.

  • A) 0.58
  • B) 1.27
  • C) 1.73
  • D) 2.31
  • E) 2.42

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