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Author Question: The long-run relative frequency of an event based on the assumption of an infinite number of ... (Read 398 times)

rayancarla1

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on: Jul 11, 2018
The long-run relative frequency of an event based on the assumption of an infinite number of observations with no change in the underlying conditions is called
 
  A) objective probability.
  B) objective risk.
  C) subjective probability.
  D) subjective risk.

Question 2

A peril is
 
  A) a moral hazard.
  B) the cause of a loss.
  C) a condition that increases the chance of a loss.
  D) the probability that a loss will occur.


tandmlomax84

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


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