SOA Exam P Sample Question 664
Study guide: Exam P-1
The amount of losses for barn fires is exponentially distributed with mean 20,000.
Determine the probability that at least nine of a random sample of ten barn fires will have losses in excess of 20,000.
- A)
\dfrac{9e - 10}{e^{10}} - B)
\dfrac{10e - 9}{e^{10}} - C)
\dfrac{(9 + e)\left(1 - \frac{1}{e}\right)^9}{e^{10}} - D)
10\left(\dfrac{e-1}{e^{10}}\right) - E)
9\left(\dfrac{e-1}{e}\right)^{10}
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