Which of the Following Statements Holds True for Insurance Certificates

question 55

Multiple Choice

Which of the following statements holds true for insurance certificates?

• A)It is a document that authorizes the carrier to transport the goods to the buyer's destination.
• B)It is a document that contains the description of the items being shipped.
• C)It is a document that declares the country from which the product originates.
• D)It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer.
• E)It is a document that shows the amount of coverage on the goods being transported.

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Definitions:

Empirical Rule

A statistical norm indicating that in a normal distribution, the vast majority of data points lie within a range of three standard deviations from the mean.

Tchebysheff's Theorem

A theorem that provides a minimum bound on the proportion of values that lie within a certain number of standard deviations from the mean for any distribution.

Empirical Rule

The rule in statistics where for any normal distribution, practically all of the data is expected to be within three standard deviations from the mean value.

Empirical Rule

A statistical principle that asserts in a normal distribution, almost all data points are contained within three standard deviations from the average.