SOA Exam P Sample Question 551
Study guide: Exam P-1
A motorist makes four driving errors this year. Each error independently has probability 0.3 of resulting in an accident. The motorist's insurance company reimburses up to two accidents due to the motorist's errors this year.
Calculate the probability that these four errors result in at least one unreimbursed accident.
- A)
0.03 - B)
0.08 - C)
0.24 - D)
0.32 - E)
0.41
Answer this question and see the worked solution