Which of the following statements about chance of loss and risk is (are)true?
I.If the chance of loss is identical for two groups,the objective risk must be the same.
II.Two individuals may perceive differently the risk inherent in a given activity.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

II only is true because individuals can perceive the risk of the same situation differently due to subjective risk perception, whereas objective risk, measured statistically, does not change based on individual perceptions.

Which of the Following Statements About Chance of Loss and Risk