Exercise


ABy Admin
May 09'23

Answer

Solution: A

To be delayed over three minutes, either the car or the bus must arrive between 7:20 and 7:22. The probability for each is 2/15. The probability they both arrive in that interval is (2/15)(2/15). Thus, the probability of at least one being delayed is 2/15 + 2/15 – (2/15)(2/15) = 56/225 = 0.25.

Copyright 2023. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

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