« previous next »

Author Question: According to the law of large numbers, what happens as the number of exposure units increases? A) ... (Read 210 times)

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
on: Jul 11, 2018
According to the law of large numbers, what happens as the number of exposure units increases?
 
  A) Actual results will increasingly differ from probable results.
  B) Actual results will more closely approach probable results.
  C) Nondiversifiable risk will decrease.
  D) Objective risk will increase.

Question 2

Which of the following is a basic characteristic of insurance?
 
  A) pooling of losses
  B) avoidance of risk
  C) payment of intentional losses
  D) certainty about specific losses that will occur


kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

MirandaLo

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jul 11, 2018
Thank you :)


kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 11, 2018
Happy to help you


« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Vacuoles in Plant Cells Are Usually Large Vacuoles in Plant Cells Are Usually Large
The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
A greater number of men than women hold full-time jobs, but the gap is closing because of an ... A greater number of men than women hold full-time jobs, but the gap is closing because of an ...
The large intestine. The large intestine.
A ring link network reduces the number of wires it takes to interconnect all of the modules. A ring link network reduces the number of wires it takes to interconnect all of the modules.
If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library