Usually, a Larger Sample Size _______________ the Level of Confidence

question 17

Multiple Choice

Usually, a larger sample size _______________ the level of confidence.

• A) reduces
• B) does not impact
• C) decreases
• D) increases

---

Definitions:

Insurable Interest

A basic requirement for the issuance of an insurance policy, indicating that the person purchasing the policy has a stake in the safety or preservation of the insured item or person.

Equipment

Tangible assets used in the operation or activities of a business or entity, ranging from office supplies to machinery.

Arbitration Clause

A contract provision that requires parties to settle disputes through arbitration rather than litigation in courts.

Credible Insurance

Insurance coverage provided by a reputable and financially stable company that can be trusted to pay out claims as stipulated by the policy.