For Each of the Following Pairs, Predict Which (A or B)

question 18

Essay

For each of the following pairs, predict which (A or B) will have the greater entropy, and in one sentence indicate your reasoning.

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Definitions:

Premium

The amount paid for an insurance policy, reflecting the cost of coverage.

Insurable Interest

An interest either in a person’s life or well-being or in property that is sufficiently substantial to justify insuring against injury to or death of the person or damage to the property.

Enforceable

Describing a legal agreement or obligation that can be upheld and compelled by law through legal action.

Insurance Contract

A legally binding agreement between an insurer and the insured, where the insurer agrees to compensate the insured for specific losses in exchange for a premium.