Which of the Following Events Could Result in a Deductible

question 28

Multiple Choice

Which of the following events could result in a deductible casualty loss?

• A)Theft of a family's automobile.
• B)Fire in a blocked fireplace resulting in smoke damage.
• C)Electrical lightning strike that destroys a family's electronic devices.
• D)None of the above events.

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Definitions:

Random Variable

A variable that can take numeric values, which are the results of a random event.

Mean

A measure of central tendency, calculated by adding all the values in a dataset and dividing by the number of values.

Continuous Probability Distributions

Mathematical functions that assign probabilities to every possible value of a continuous random variable.

Location Parameter

A parameter in probability distributions that determines the location or central tendency of the distribution.