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

Author Question: Which of the following statements concerning social insurance benefits is (are) correct? I. ... (Read 162 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jul 11, 2018
Which of the following statements concerning social insurance benefits is (are) correct?
 
  I. Social insurance benefits are heavily weighted in favor of upper-income groups because of their higher earnings.
  II. Social insurance benefits are financed entirely or in part by mandatory contributions by covered employers and employees, and not by general revenues of the government.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

JKL Insurance Company estimates that 14 out of every 100 homeowners it insures will file a claim each year. Last year, JKL insured 200 homeowners.
 
  According to the law of large numbers, what should happen if JKL insures 2,000 homeowners this year?
  A) The total number of claims filed by JKL policyowners should decrease.
  B) The total dollar value of claims will decrease.
  C) The average size of loss will decline in value.
  D) The actual results will more closely approach the expected results.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


wenmo

  • Member
  • Posts: 540
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

mohan

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Traniello and his colleagues demonstrated that social insects may develop “social imm Traniello and his colleagues demonstrated that social insects may develop “social imm
Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
Marx's Model Of The Social Classes Marx's Model Of The Social Classes
Sociologists disagree about the relative significance of race and social class in determining social ... Sociologists disagree about the relative significance of race and social class in determining social ...
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
How to count for the correct number of significant digits How to count for the correct number of significant digits
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library