Actuarial Notes

SOA Exam P Sample Question 607

Study guide: Exam P-1

From telephone calls made to a help line, the following statistics are compiled:

i) 20% of the calls last for at least 2 minutes and less than 4 minutes. ii) 34% of the calls last for at least 3 minutes and less than 5 minutes. iii) 42% of the calls last for at least 4 minutes and less than 6 minutes. iv) 38% of the calls last for at least 5 minutes and less than 7 minutes. v) 28% of the calls last for at least 6 minutes and less than 8 minutes.

Calculate the probability that a randomly selected call will last for either at least 2 minutes and less than 3 minutes, or at least 7 minutes and less than 8 minutes.

  • A) 12\%
  • B) 18\%
  • C) 24\%
  • D) 28\%
  • E) 30\%

Answer this question and see the worked solution

Concepts tested

More questions from this set