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AzJose AzJose
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6 years ago
The long-run relative frequency of an event based on the assumption of an infinite number of observations with no change in the underlying conditions is called
A) objective probability.
B) objective risk.
C) subjective probability.
D) subjective risk.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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