All of the Following Are Characteristics of Inland Marine Floater

question 8

Multiple Choice

All of the following are characteristics of inland marine floater policies EXCEPT

• A)Coverage can be specifically tailored to the specific type of personal property insured.
• B)Coverage applies only when the property is at a specified location,such as the insured's home.
• C)The amount of insurance can be selected by the purchaser.
• D)Broader coverage can be obtained through an inland marine floater policy.

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Definitions:

Population Parameter

A numerical value that represents a characteristic or feature of an entire population.

Confidence Coefficient

The probability that a confidence interval contains the true population parameter, typically expressed as a percentage.

Margin Of Error

An estimate of the amount of random sampling error in a survey's results, expressing the range within which the true value is expected to lie with a certain level of confidence.

Sample Size

The number of observations or units included in a sample from a population, critical for the reliability of statistical analyses.