If an Insurance Company Insured 100,000 Cars Across the State

question 3

Multiple Choice

If an insurance company insured 100,000 cars across the state against theft, which of the following would not be true?

• A)The insurance company would be fairly certain of the number of cars that will be stolen.
• B)The insurance company would be engaging in a strategy known as pooling of risks.
• C)The insurance company would know with a fair amount of certainty the expected payoff on the insurance policies.
• D)The insurance company must assume that very few cars will be stolen.

Distinguish between the uses of the equality operator (==) and the assignment operator (=).

Understand the order of precedence for logical operators.

Recognize the implications of using break statements within switch cases.

Understand and use selection control structures for conditional execution of code blocks.

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Definitions:

Deferred Annuity

A type of annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.

Ordinary Annuity

Consistent payouts distributed at the conclusion of each cycle over an established length.

Deferred Annuity

An insurance product that provides future payments to the holder, starting at a designated date rather than immediately.

Ordinary Annuity

Identical sums disbursed following each period within an allotted timeframe.