« previous next »

Author Question: According to the law of large numbers, what happens as the number of exposure units increases? A) ... (Read 225 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?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc Isotopes may be stable or radioactive depending on the arrangement and number of neutrons in the nuc
Virtual reality exposure therapy Virtual reality exposure therapy
The mask covers both the mouth and nose to prevent exposure to body fluids and airborne droplets. The mask covers both the mouth and nose to prevent exposure to body fluids and airborne droplets.
The number of research articles published on the topic of religious practices and spirituality have ... The number of research articles published on the topic of religious practices and spirituality have ...
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ... Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ...
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library