Under Which of the Following Rules Is Actual Cash Value

question 16

Multiple Choice

Under which of the following rules is actual cash value determined by taking into consideration all relevant factors an expert would use to determine the value of the property?

• A)the circumstantial evidence rule
• B)the broad evidence rule
• C)the property indemnity rule
• D)the objective value rule

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Definitions:

Distribution

In statistics, it refers to the way in which data or values are spread out or distributed across a range of possibilities.

Z Score

A statistical measure illustrating the relation of a value to the mean of its group by detailing it in standard deviations from the mean.

Extreme

Relating to values that are farthest from the mean or median in a data set, often considered outliers.

Z Score

A calculation used to express the difference of a particular value from a group's mean, in terms of how many standard deviations away it is.