Sue double-majored in mathematics and statistics in college. She also enrolled in a number of finance courses. After graduation, she was hired by Econodeath Insurance Company. Her job is to calculate premium rates for life insurance coverages. Sue is a(n)
A) actuary.
B) underwriter.
C) claims adjustor.
D) producer.

Question

Quizplus · Accepted Answer

An actuary is a professional who uses mathematical and statistical methods to assess and manage financial risks, usually in the insurance industry. In this scenario, Sue's job of calculating premium rates for life insurance coverages aligns with the responsibilities of an actuary. Therefore, option A is the best choice.

Sue Double-Majored in Mathematics and Statistics in College