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
Q16: "Independence" in an insurance pool means:
A) the
Q17: Which of the following statements about the
Q18: Which of the following statements about the
Q19: Which of the following statements about the
Q20: Which of the following statements about convolution
Q22: The third step in risk management is:
A)
Q23: Why would "groom decides he doesn't want
Q24: Which of the following would be most
Q25: Which of the following statements about the
Q26: The confidence interval:
A) decreases with a larger
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents