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Author Question: According to the law of large numbers, what happens as the number of exposure units increases? A) ... (Read 227 times)

MirandaLo

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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

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


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MirandaLo

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Reply #2 on: Jul 11, 2018
Thank you :)


kaillie

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Reply #3 on: Jul 11, 2018
Happy to help you


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