Discuss the Cost Approach and Benefits Approach Actuarial Funding Methods

question 35

Essay

Discuss the cost approach and benefits approach actuarial funding methods.

---

Definitions:

Generalize

The process of applying the findings from a study to broader contexts, indicating the extent to which the results are applicable to other settings, populations, or times.

Experimenter Bias

A form of bias introduced by the expectations, beliefs, or preferences of the researcher conducting an experiment which can affect the outcome.

Online Experiments

Research studies conducted over the internet, allowing for the collection of data from a broad geographic distribution of participants.

Diffusion

The method in which a new idea is shared across specific channels over a period among individuals within a social structure.