Multiple Choice
Which of the following statements about the confidence interval is correct?
A) A confidence interval tells the insurer something about how confident it should be about the calculated risk premium.
B) A confidence interval tells the insurer something about the size of the risk pool.
C) A confidence interval tells the insurer something about how much money it has reserved in the past year to cover potential losses.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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