Actuarial Notes

Exam P Practice Question 947

Study guide: Exam P-1

A random variable T represents the total useful life of a machine, in years measured from when it is new, and follows a uniform distribution on [0, 5].

Calculate the expected remaining useful life of the machine, given that it has already survived its first 2 years (i.e., T > 2).

  • A) 0.5
  • B) 1.0
  • C) 1.5
  • D) 2.0
  • E) 2.5

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