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keyone keyone
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7 years ago
Which of the following statements about the risk reduction is correct?
A) When the probability distribution is non-normal, risk cannot be reduced by increasing the pool size.
B) After the pool size has reached 36, risk can no longer be reduced any further.
C) Risk is reduced as the pool size increases.
D) All of the above are correct.
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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7 years ago
C
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