Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Insurance
New Topic  
JamesLu JamesLu
wrote...
Go to Answer
Posts: 649
Rep: 0 0
6 years ago
JKL Insurance Company estimates that 14 out of every 100 homeowners it insures will file a claim each year. Last year, JKL insured 200 homeowners. According to the law of large numbers, what should happen if JKL insures 2,000 homeowners this year?
A) The total number of claims filed by JKL policyowners should decrease.
B) The total dollar value of claims will decrease.
C) The average size of loss will decline in value.
D) The actual results will more closely approach the expected results.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
Read 93 times
1 Reply
Replies
Answer verified by a subject expert
Toni_AnnetteToni_Annette
wrote...
#1
Top Poster
Posts: 581
Rep: 5 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

JamesLu Author
wrote...

6 years ago
this is exactly what I needed
paulinaibarra98
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
Kstan109
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1178 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 477
  
 303
  
 952
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Where do you get your textbooks?