From the Viewpoint of the Insurer,all of the Following Are

question 13

Multiple Choice

From the viewpoint of the insurer,all of the following are characteristics of an ideally insurable risk EXCEPT

• A)The loss must be accidental.
• B)The loss should be catastrophic.
• C)The premium must be economically feasible.
• D)There must be a large number of exposure units.

---

Definitions:

Between-Groups Variance

captures the differences in means across different groups in an experiment, reflecting how much group members vary from each other overall.

Within-Group Variance

The variation of observations within a single group or category, measuring how much individual scores differ from the mean of that group.

Statistical Significance

Refers to the likelihood that a result or relationship is caused by something other than mere random chance.

Sample Size

The number of participants or observations included in a study, which can affect the reliability and validity of the research findings.