Describe the Major Differences Between a Randomized Controlled Experiment and a Quasi-Experiment

question 40

Essay

Describe the major differences between a randomized controlled experiment and a quasi-experiment.

---

Definitions:

Insurance Contracts

Legal agreements between an insurer and the insured, defining the claims which the insurer is legally required to pay.

Insurance Company Agent

An individual authorized to sell and manage insurance policies on behalf of an insurance company.

Broker

An individual or firm that acts as an intermediary between buyers and sellers, typically in financial transactions, real estate, or insurance.

Assumes a Risk

A legal doctrine where an individual knowingly exposes themselves to a hazard or danger and is considered to have consented to the risk involved.