Independent solution
How to solve this Conditional Probability question
Answer in brief
Integrating the density gives survival S(t)=e^(-t)(1+t). Conditional on lasting beyond one year, the probability of ending by year two is 1-S(2)/S(1)=1-3/(2e)=0.448181, so choice C is correct.
Setup
Setup
Integrate the density tail to obtain the survival function.
Model
Model
Express the conditional interval probability using survival at the two endpoints.
Compute
Compute
Evaluate and simplify the survival ratio.
Answer
Answer
The conditional probability rounds to 0.448.