SOA Exam P Sample Question 559
Study guide: Exam P-1
Brand A air conditioning units have twice the expected life span of Brand B air conditioning units. The life span for each brand is exponentially distributed.
The probability that a Brand A air conditioning unit lasts at least 15 years is 0.046656.
Calculate the probability that a Brand B air conditioning unit lasts at least 5 years.
- A)
0.01 - B)
0.03 - C)
0.07 - D)
0.13 - E)
0.18
Answer this question and see the worked solution