SOA Exam P Sample Question 488
Study guide: Exam P-1
A representative of a market research firm contacts consumers by phone to conduct surveys. The specific consumer contacted by each phone call is randomly determined. The probability that a phone call produces a completed survey is 0.25.
Calculate the probability that the eighth phone call produces the third completed survey.
- A)
0.03 - B)
0.08 - C)
0.13 - D)
0.21 - E)
0.31
Answer this question and see the worked solution