SOA Exam P Question 19 | Conditional Probability

An auto insurance company insures drivers of all ages. An actuary compiled the following statistics on the company’s insured drivers: Age of Driver Probability of Accident 16-20 21-30 31-65 66-99 Portion of Company’s Insured Drivers 0.06 0.03 0.02 0.04 0.08 0.15 0.49 0.28 A randomly selected driver that the company insures has an accident. Calculate the probability that the driver was age 16-20. (A) 0.13 (B) 0.16 (C) 0.19 (D) 0.23 (E) 0.40 You can find the link to the questions below: https://www.soa.org/globalassets/assets/Files/Edu/edu-exam-p-sample-quest.pdf The link to the answers below: https://www.soa.org/globalassets/assets/Files/Edu/edu-exam-p-sample-sol.pdf Check out my other channel Rumi's Life: https://www.youtube.com/channel/UCJmFvrltr0Xht150O4lgTIA Email: [email protected]