SOA Exam P Sample Question 627
Study guide: Exam P-1
A policyholder owns a car and a truck. An auto insurer provides coverage on both vehicles.
Let X be the number of claims incurred over a five-year period on the car.
Let Y be the number of claims incurred over a five-year period on the truck.
The probability function of X and Y is shown in the table below:
X \ Y |
0 | 1 | 2 | 3 |
|---|---|---|---|---|
| 0 | 0.06 | 0.10 | 0.12 | 0.02 |
| 1 | 0.08 | 0.11 | 0.15 | 0.06 |
| 2 | 0.05 | 0.07 | 0.05 | 0.03 |
| 3 | 0.01 | 0.02 | 0.03 | 0.04 |
Calculate E(Y \mid X < 2).
- A)
1.30 - B)
1.37 - C)
1.41 - D)
1.45 - E)
1.53
Answer this question and see the worked solution