In order to predict the number of losses that will occur in a given time accurately,insurance companies must study a ___________ numbers of cases.
A)medium
B)small
C)large
D)negligible

Question

In order to predict the number of losses that will occur in a given time accurately,insurance companies must study a ___________ numbers of cases. ​
A)medium
B)small
C)large
D)negligible

Quizplus · Accepted Answer

In order to predict the number of losses accurately, insurance companies need to study a large number of cases as this will provide a more comprehensive data set to analyze and make predictions from. A small or medium number of cases may not be representative enough to accurately predict the number of losses. Negligible numbers of cases would not provide sufficient data to make any predictions at all.

In Order to Predict the Number of Losses That Will