« previous next »

Author Question: According to the law of large numbers, what happens as the number of exposure units increases? A) ... (Read 206 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?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

A chuckwalla, Sauromalus ater. Chuckwallas are large herbivorous lizards living in the southwestern A chuckwalla, Sauromalus ater. Chuckwallas are large herbivorous lizards living in the southwestern
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The distribution of cones and rods over the human retina. The figure illustrates the number of cones ... The distribution of cones and rods over the human retina. The figure illustrates the number of cones ...
Large-scale circulation systems produce global climate patterns Large-scale circulation systems produce global climate patterns
Identification of the numbers in the Word Problem Identification of the numbers in the Word Problem
Exposure pathways Exposure pathways
Video: Renal Failure

For a complete list of videos, visit our video library