Exam P practice exam and study guide
Exam P practice problems: Conditional probability and Bayes’ theorem
10 problems · Untimed · Worked solution after each answer
Independence, conditional probability, the law of total probability and Bayes’ theorem applied to risk classes, tests and claims. This drill covers topic 1 of the Exam P syllabus, General Probability (23–30% of the exam).
- 1c Independence
- 1f Conditional probability
- 1g Bayes’ theorem and the law of total probability

Before you start
- Every problem has five options, A to E, and one correct answer, as on the real exam. Every value you need is in the problem, so you can work it with an approved calculator; the worked solution shows each step and names the mistake behind the most tempting wrong answer.
- Check each answer to see the explanation before moving on. Checked answers cannot be changed.
Study guide: Conditional probability and Bayes’ theorem
- P(A | B) = P(A ∩ B) / P(B). Read the stem twice to see which event is given.
- For risk classes or test results, build a two-column table: prior × likelihood for each class, then divide by the total. That is the law of total probability and Bayes’ theorem in one step.
- Independence means P(A ∩ B) = P(A)·P(B); check it with numbers, never assume it from the wording.
- The most common wrong answer reports P(B | A) when the question asks for P(A | B).
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Original practice problems written to the published SOA syllabus; not SOA sample questions. Independent preparation, not affiliated with or endorsed by the Society of Actuaries (SOA).