Match the descriptions with their terms:
-The _________________ of a group of losses represents the average of all losses.
A) Adjusted return on capital
B) contractual liability
C) expected value
D) financial statement analysis
E) flowchart
F) law of large numbers
G) loss exposure checklist
H) maximum possible loss
I) mean
J) median
K) mode
L) risk management information system
M) standard deviation
N) Value at risk

Question

Quizplus · Accepted Answer

The mean of a group of losses represents the average of all losses, which is calculated by summing all the losses together and then dividing by the number of losses.

Match the Descriptions with Their Terms