Exam P Practice Question 924
Study guide: Exam P-1
A study of life insurance policyholders found that 1/6 of policyholders exercise regularly, with lifetime \sim \text{Exp}(\text{mean } 3/2). The remaining 5/6 do not exercise regularly, with lifetime \sim \text{Exp}(\text{mean } 1/4). All lifetimes are independent.
Calculate the probability that a randomly selected policyholder exercises regularly, given that the policyholder is alive one year after the policy was purchased.
- A) 0.06
- B) 0.17
- C) 0.39
- D) 0.47
- E) 0.85
Answer this question and see the worked solution