Sabeka Inc Has Discovered That One of Its Products May

question 20

True/False

Sabeka Inc has discovered that one of its products may cause consumers to suffer a certain form of property damage.In response to that risk,the company has written an exclusion clause into its sales contracts.In doing so,it has adopted a form of risk management known as risk shifting.

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Definitions:

Probability Distribution

Describes how the probabilities are distributed over the values of a random variable, showing the likelihood of different outcomes.

Car Salespeople

Professionals engaged in selling automobiles, often working at car dealerships to assist customers in finding and purchasing new or used vehicles.

Joint Probability Distribution

A joint probability distribution represents the probability of two or more events happening at the same time and their interrelations.

Probability Distribution

Probability distribution describes the likelihood of occurrence of different possible outcomes for an event, represented through a function or table.