This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An insurance company estimates its objective risk for 10,000 exposures to be 10 percent. Assuming ... (Read 209 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jul 11, 2018
An insurance company estimates its objective risk for 10,000 exposures to be 10 percent. Assuming the probability of loss remains the same, what would happen to the objective risk if the number of exposures were to increase to 1 million?
 
  A) It would decrease to 1 percent.
  B) It would decrease to 5 percent.
  C) It would remain the same.
  D) It would increase to 20 percent.

Question 2

Uncertainty based on a person's mental condition or state of mind is known as
 
  A) objective risk.
  B) subjective risk.
  C) objective probability.
  D) subjective probability.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nicoleclaire22

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


burchfield96

  • Member
  • Posts: 610
Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Adolescent females who participate in activities such as ballet are at risk for eating disorders Adolescent females who participate in activities such as ballet are at risk for eating disorders
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Physical Fitness and Cancer Risk Physical Fitness and Cancer Risk
One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ... One target for expanding medical services involves vaccinations. Only 78 percent of children ages 19 ...
Major Risk Factors for Hypertension Major Risk Factors for Hypertension
How to solve any percent concentration problem How to solve any percent concentration problem
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library