Actuarial Notes

SOA Exam P Sample Question 657

Study guide: Exam P-1

30% of the participants in this year's charity drive will make a cash donation and 60% will donate items to the charity auction and it is possible that some will do both.

Determine the value or range of values of the probability p that an individual randomly chosen from among this year's participants will donate in neither of the two indicated ways.

  • A) 0 \le p \le 0.1
  • B) p = 0.1
  • C) 0.1 \le p \le 0.4
  • D) p = 0.3
  • E) 0.7 \le p \le 1.0

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