Actuarial Notes

SOA Exam P Sample Question 583

Study guide: Exam P-1

Claim amounts from accidents in an amusement park are uniformly distributed on an interval. The probability that a randomly selected claim amount is less than 12 is 0.50. The probability that a randomly selected claim amount exceeds 6 is 0.875.

Calculate the probability that a randomly selected claim amount is less than 10, given that it exceeds 6.

  • A) 2/9
  • B) 1/4
  • C) 2/7
  • D) 3/8
  • E) 3/7

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