SOA Exam P Sample Question 660
Study guide: Exam P-1
A motorist decides not to renew a car insurance policy. The number of months until the motorist is charged for driving without insurance is exponentially distributed with mean 2.50.
Calculate the probability that the motorist lasts at least 2.50 months without being charged.
- A)
1 - e^{-0.4} - B)
e^{-1} - C)
1 - e^{-1} - D)
e^{-0.4} - E)
1 - e^{-6.25}
Answer this question and see the worked solution