Theory of Life Insurance Is Evolved From

question 348

Multiple Choice

Theory of life insurance is evolved from:

• A) Need-based analysis
• B) Cost based analysis
• C) Cost and return based analysis
• D) Both A& B

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

Daily Temperatures

Data points representing the temperature measurements taken each day over a given period.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true.

Sample Variance

The measure of dispersion within a sample data set, indicating how much the sample points deviate from the sample mean.