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PRMIA Exam 8002 Topic 1 Question 21 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement :II exam
Question #: 21
Topic #: 1
[All Mathematical Foundations of Risk Measurement :II Questions]

Assume that 40% of all financial organizations investigated by authorities turn out to be fraudulent.

What is the probability of randomly investigating 2 different organizations and finding that neither is fraudulent; and what is the probability of finding exactly one being fraudulent?

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Suggested Answer: D

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