Fair Insurance

question 65

Multiple Choice

Fair insurance

• A)has an expected value for the policy holder of zero.
• B)has a positive expected value for the insurance company.
• C)has very high insurance premiums.
• D)is available only to those who fully insure.

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Definitions:

Weak Acids

Acids that only partially dissociate in solution, resulting in a weak conductivity and not completely donating their hydrogen ions.

Strongest Acid

Refers to the acid with the lowest pH or the highest propensity to donate a proton in a reaction.

Acetic Acid

A weak organic acid that is the main component of vinegar, known chemically as CH3COOH.

Strongest Acid

A compound that has the greatest tendency to donate a proton (H+) in a chemical reaction compared to other acids under similar conditions.