IFoA Exam IFoA_CAA_M0 Topic 9 Question 72 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam

Question #: 72
Topic #: 9

In a small island nation, local sea vessels are identified using "a letter and 4 digits" classification system. The "letter" can be any of the 26 letters in the English alphabet, A to Z, while the "digit" can be any number from 0 to 9. E.g: Z9835.

Calculate the probability of a sea vessel having an identification ending in "007".

A0.001

B0.002

C0.003

D0.504

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Suggested Answer: A

by Maryann at Sep 16, 2024, 07:05 PM

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Rosendo

5 months ago

I'm pretty sure the answer is B) 0.002. Though I have to say, a vessel with '007' as the ending digits sounds like it belongs in a James Bond movie!

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Julio

4 months ago

User4: Definitely, '007' does have that spy vibe to it!

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Cammy

4 months ago

User 3: I agree, B) 0.002 seems to be the correct probability.

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Trinidad

4 months ago

User 2: Yeah, it does sound like a James Bond movie!

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Andra

4 months ago

I agree, B) 0.002 seems to be the correct probability.

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Lajuana

4 months ago

Yeah, it does sound like something from a James Bond movie!

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Tamesha

4 months ago

I think the answer is B) 0.002.

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Rima

4 months ago

I think the answer is B) 0.002.

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Sarah

5 months ago

I would go with option A) 0.001 because it represents a very small chance.

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Carmelina

5 months ago

I agree, it seems like a rare occurrence.

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Lashawnda

5 months ago

D) 0.504? Are you kidding me? That's way too high. The probability can't be over 50%! I'm going with C) 0.003.

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Stephen

4 months ago

D) 0.504? That seems too high. I agree, I'm going with C) 0.003.

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Julieta

5 months ago

C) 0.003

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Eura

5 months ago

B) 0.002

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Sonia

5 months ago

A) 0.001

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Lino

5 months ago

I think the probability of a sea vessel ending in '007' is very low.

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Felix

5 months ago

Hmm, I'd say B) 0.002 is the correct answer. It makes sense that the chance of a random 4-digit number ending in '007' would be 2 in 1000.

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Luisa

5 months ago

A) 0.001? Really? That's way too low. The probability of a sea vessel having an identification ending in '007' should be much higher, right?

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Jarod

4 months ago

D) Yeah, I agree. 0.003 sounds more reasonable.

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Lelia

4 months ago

C) Maybe around 0.003?

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Yolando

4 months ago

B) I think it's higher than that.

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Heidy

5 months ago

A) 0.001? Really? That's way too low.

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