Which of the Following Losses Would Be Covered Under the Personal

question 40

Multiple Choice

Which of the following losses would be covered under the personal liability coverage (Coverage

• A)liability arising out of the manufacture and sale of illegal narcotics
• B)liability arising out of damage to a neighbor's property that occurred over time
• C)liability arising out of a business operated in the home.
• D)liability arising out of bodily injury to an insured
• E)of an unendorsed Homeowners 3 policy?

---

Definitions:

Probability

A measure of the likelihood that an event will occur, represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Random Sample

A sample in which each member of the population has an equal probability of being selected, aiming for a representative subset.

Standard Error

A statistical measure that indicates the accuracy of a sample mean by estimating the dispersion of sample means around the population mean.

Statistic

A numerical measure that describes a characteristic of a sample, which is often used to estimate the corresponding parameter in the population.