Multiple Choice
Life insurance underwriters cannot determine which of their clients will die this year. However, their business success depends upon their ability to predict how many of those clients will die, based on population death rates in categories of age, gender, etc. Life insurance companies are using __________ to make their decisions about whom to insure and the premiums to charge.
A) uncertainty
B) alternative risk
C) subjective probabilities
D) objective probabilities
Correct Answer:
Verified
Correct Answer:
Verified
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