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

Author Question: An insurance company estimates its objective risk for 10,000 exposures to be 10 percent. Assuming ... (Read 203 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jul 11, 2018
An insurance company estimates its objective risk for 10,000 exposures to be 10 percent. Assuming the probability of loss remains the same, what would happen to the objective risk if the number of exposures were to increase to 1 million?
 
  A) It would decrease to 1 percent.
  B) It would decrease to 5 percent.
  C) It would remain the same.
  D) It would increase to 20 percent.

Question 2

Uncertainty based on a person's mental condition or state of mind is known as
 
  A) objective risk.
  B) subjective risk.
  C) objective probability.
  D) subjective probability.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nicoleclaire22

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


burchfield96

  • Member
  • Posts: 610
Reply 2 on: Jul 11, 2018
Wow, this really help

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Risk for falls Risk for falls
Alzheimer's Disease Risk Alzheimer's Disease Risk
Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ... Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ...
Risk Factor Categories for Atherosclerotic Cardiovascular Disease Risk Factor Categories for Atherosclerotic Cardiovascular Disease
How to solve any percent error problem How to solve any percent error problem
Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5 Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library