Answer:
A. law of large numbers
Explanation:
Law of large numbers is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age.
This idea states that as the number of exposure or an attainment of a larger value increases, it is usually easier and more accurate to predict the likelihood of mortality or morbidity losses. The law of large numbers is the mathematical principle of probability that insurance is based on.
Weather and climate play a major role in the transportation of water.
Answer:
Inaccurate
<h3>
How do you calculate inaccuracy percentage?</h3>
- Subtract the actual value from the estimated value.
- Divide the results by the actual value.
- To find the percentage error, multiply the results by 100.
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Answer:
The marginal cost is not being able to watch TV for 6 hours.
Explanation:
The marginal cost is the change in cost when you produce an additional unit of a good. In this case, is what you give up to get a better grade, which is 6 hours of watching TV.
