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Home Q & A Board Other Fields Homework Help Business Insurance
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chouri chouri
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6 years ago
ABC Insurance Company plans to sell homeowners insurance in five Western states. ABC expects that 8 homeowners out of every 100, on average, will report claims each year. The variation between the rate of loss that ABC expects to occur and the rate of loss that actually does occur is called
A) objective probability.
B) subjective probability.
C) objective risk.
D) subjective risk.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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6 years ago
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chouri Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
dearsophia21
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Yesterday
Thank you, thank you, thank you!
foxrcng11
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2 hours ago
Just got PERFECT on my quiz
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