SOA Exam P Sample Question 541
Study guide: Exam P-1
The lifetime of an electronic component is exponentially distributed. Given that the component lasts at least five years, the probability that it lasts at least fifteen years is 0.027.
Calculate the probability that the component lasts at least 25 years, given that it lasts at least five years.
- A)
0.0007 - B)
0.0024 - C)
0.0135 - D)
0.0162 - E)
0.0450
Answer this question and see the worked solution