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SOA Exam P Question 172 | Law of total probability for Uniform Distribution
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A policyholder has probability 0.7 of having no claims, 0.2 of having exactly one claim,
and 0.1 of having exactly two claims. Claim amounts are uniformly distributed on the
interval [0, 60] and are independent. The insurer covers 100% of each claim.
Calculate the probability that the total benefit paid to the policyholder is 48 or less.
(A) 0.320
(B) 0.400
(C) 0.800
(D) 0.892
(E) 0.924
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and 0.1 of having exactly two claims. Claim amounts are uniformly distributed on the
interval [0, 60] and are independent. The insurer covers 100% of each claim.
Calculate the probability that the total benefit paid to the policyholder is 48 or less.
(A) 0.320
(B) 0.400
(C) 0.800
(D) 0.892
(E) 0.924
You can find the link to the questions below:
The link to the answers below:
Check out my other channel Rumi's Life:
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