Author Question: Which of the following probabilities is suitable in establishing proper life insurance rates? a. ... (Read 32 times)

viki · **on:** Jul 24, 2018

Which of the following probabilities is suitable in establishing proper life insurance rates?
a. Empirical probability
b. Theoretical probability
c. Subjective probability
d. All of the above.

Question 2

Which of the following statements is false?
a. When a probability experiment can be thought of as a sequence of events, a Dotplot often is a very helpful way to picture the sample space.
b. When a probability question can be thought of as a sequence of events, a tree diagram often is a very helpful way to picture the sample space.
c. A subjective probability generally results from personal judgment, and the accuracy of such probability depends on the individual's ability to correctly assess the situation.
d. None of the above.