Which of the Following Is a Form of Casualty Insurance

question 29

Multiple Choice

Which of the following is a form of casualty insurance?

• A)fire insurance
• B)general liability insurance
• C)inland marine insurance
• D)ocean marine insurance

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Definitions:

Likelihood

The probability of a set of data or observed outcomes given a particular model or hypothesis.

Tossed

A term often used to describe the throwing of an object, such as a coin or a dice, in the context of chance or randomness.

Relative Frequency

The ratio of the number of times a particular value occurs to the total number of observations.

Probabilities

Measures of the chance or likelihood that certain events or outcomes will occur, represented quantitatively.