In this problem I have a doubt that why effective access time is not taken as
effective access time = 1 x 200 + p x (8 milliseconds)
because even though pages are accessed after page-fault but all pages must be accessed only through main memory only. Thus I think effective access time should be (p x 8 milliseconds) to bring page from disk to memory, plus, 200 nanoseconds for accessing all pages in memory