SOA Exam P Sample Question 620
Study guide: Exam P-1
A broker markets four separate products. The probabilities of selling these products to a client are:
| Product | Probability |
|---|---|
| Auto insurance | 0.55 |
| Homeowners insurance | 0.45 |
| Health insurance | 0.50 |
| Life insurance | 0.60 |
The sales of these products are mutually independent.
Calculate the probability that the broker sells more than two products to a client.
- A)
0.27 - B)
0.35 - C)
0.39 - D)
0.57 - E)
0.73
Answer this question and see the worked solution