SOA Exam P Sample Question 638
Study guide: Exam P-1
A gardener models his strawberry (S) / blueberry (B) harvest with the following joint probability distribution.
S \ B |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1 | 0.07 | 0.06 | 0.06 | 0.05 | 0.01 |
| 2 | 0.07 | 0.10 | 0.08 | 0.05 | 0.03 |
| 3 | 0.04 | 0.05 | 0.06 | 0.05 | 0.04 |
| 4 | 0.01 | 0.02 | 0.02 | 0.07 | 0.06 |
The strawberry harvest is 2 units.
Calculate the conditional variance of the blueberry harvest.
- A)
1.23 - B)
1.51 - C)
2.00 - D)
2.46 - E)
6.06
Answer this question and see the worked solution