Which of the Following Is the Most Important Reason for Obtaining

question 34

Multiple Choice

Which of the following is the most important reason for obtaining, reviewing, and saving incident reports?

• A) Fulfilling government requirements
• B) Fulfilling liability insurance requirements
• C) Allows the risk management staff to concentrate efforts on frequently occuring incidents
• D) Estimating the cost of the incident

---

Definitions:

Coefficient Of Correlation

A numerical measure that indicates the strength and direction of a linear relationship between two variables.

Confidence Interval Estimate

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Prediction Interval

A type of interval estimate of a predicted value of a variable based on a particular set of data, encompassing the uncertainty of the prediction.

Expected Value

The long-run average value of repetitions of the experiment it represents, in probability and statistics.