Multiple Choice
What is the so-called Risk Charge?
A) Risk Charge represents how much an insurance company should charge for people not paying their insurance premium.
B) Risk Charge represents the margin of error arising from estimating an unknown variable.
C) Risk Charge represents the standard deviation of the variance.
D) Risk Charge represents how much an insurance company should charge for uncertainty.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Which of the following is not a
Q23: One reason insurable losses must be definite
Q24: Which of the following would be most
Q25: Why would "groom decides he doesn't want
Q26: The confidence interval:<br>A) decreases with a larger
Q28: Which of the following is not a
Q29: Risk Pooling is the ability to reduce
Q30: If the Average Loss Severity is $1,150
Q31: When a probability distribution of a variable
Q32: A risk pool needs a small group