If A and B are ____________________ then the probability of the union of A and B is the sum of their individual probabilities
Fill in the blank(s) with correct word
mutually exclusive
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Consider the following hypothetical situation. The interest rate on a two-year bond today is 7.5 percent and the interest rates on two one-year bonds are 3 percent and 4 percent respectively. The term premium earned by the investors is
A. 5 percent. B. 4 percent. C. 4.25 percent. D. 6 percent.
The reduction in motivation and effort when individuals work collectively compared with when they work individually or coactively is known as ______.
A. groupthink B. slacking C. consensus building D. social loafing
Explain the theory of market share liability
What will be an ideal response?
David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, which has a current replacement value of $400,000
Ignoring any deductible, how much will David collect if a roof with a replacement value of $16,000 but an actual cash value of $10,000 is destroyed in a fire? A) $10,000 B) $12,000 C) $14,000 D) $16,000