SOA Exam P Sample Question 501
Study guide: Exam P-1
Each of ten homeowners independently has the same probability of experiencing at least one loss this year. Eight of these ten homeowners are insured.
Three of the ten homeowners experience at least one loss.
Calculate the probability that at least two of these three homeowners are insured.
- A)
0.384 - B)
0.467 - C)
0.700 - D)
0.896 - E)
0.933
Answer this question and see the worked solution