"Independence" in an Insurance Pool Means

question 11

Multiple Choice

"Independence" in an insurance pool means:

• A) the bad risks pay more for insurance than good risks
• B) the members of the pool exhibit the same level of risk
• C) those who experience losses have their premiums raised
• D) the occurrence of one event makes it neither more nor less probable that the other occurs

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Definitions:

Photosynthetic Organisms

Organisms that convert light energy into chemical energy through the process of photosynthesis, including plants, algae, and certain bacteria.

Primary Consumers

Organisms, typically herbivores, that feed directly on producers (plants) in the food chain.

Complex Food Web

An intricate network of interrelated food chains in an ecosystem, illustrating how different species are connected through feeding relationships.

Trophic Levels

The hierarchical levels in an ecosystem, comprising organisms that share the same function in the food chain and the same nutritional relationship to the primary sources of energy.