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keyone keyone
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6 years ago
Which of the following statements about the average loss severity and average loss frequency is not correct?
A) The average loss severity represents the average size of losses that might occur.
B) The average loss frequency represents the average number of losses that might occur.
C) Both the average loss severity and the average loss frequency are outside the control of the risk manager.
D) The average loss can be estimated by multiplying the average loss severity with the average loss frequency.
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
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giddugiddu
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#1
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6 years ago
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keyone Author
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6 years ago
Thanks for your help!!
africa143
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Just got PERFECT on my quiz
yen
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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