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Author Question: Which of the following probabilities is suitable in establishing proper life insurance rates? a. ... (Read 63 times)

viki

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Which of the following probabilities is suitable in establishing proper life insurance rates?
 a. Empirical probability
  b. Theoretical probability
  c. Subjective probability
  d. All of the above.

Question 2

Which of the following statements is false?
 a. When a probability experiment can be thought of as a sequence of events, a Dotplot often is a very helpful way to picture the sample space.
  b. When a probability question can be thought of as a sequence of events, a tree diagram often is a very helpful way to picture the sample space.
  c. A subjective probability generally results from personal judgment, and the accuracy of such probability depends on the individual's ability to correctly assess the situation.
  d. None of the above.



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lin77x

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Answer to Question 1

A

Answer to Question 2

A




viki

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Reply 2 on: Jul 24, 2018
YES! Correct, THANKS for helping me on my review


dyrone

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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