Author Question: An individual's personal estimate of the chance of loss is a(n) A) objective probability. B) ... (Read 264 times)

cherise1989 · **on:** Jul 11, 2018

An individual's personal estimate of the chance of loss is a(n)

A) objective probability.
B) objective risk.
C) subjective probability.
D) a priori probability.

Question 2

Objective risk is defined as

A) the probability of loss.
B) the relative variation of actual loss from expected loss.
C) uncertainty based on a person's mental condition or state of mind.
D) the cause of loss.