Which of the following statements about the confidence interval is not correct?
A) A confidence interval is based on the outcomes of the probability distribution.
B) A confidence interval is calculated by adding and subtracting the standard deviation to/from the estimate of mean expected loss.
C) A confidence interval tells the insurer something about the size of the risk pool.
D) A confidence interval tells the insurer something about how much money it needs to cover potential losses.
C
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Principal components are usually easier to interpret than the cluster components
Indicate whether the statement is true or false
Jose began his speech with statistics that suggested Americans are getting bigger and unhealthier. Which step of Monroe’s Motivated Sequence is Jose engage in?
a. attention b. need c. satisfaction d. visualization
Online surveys can eliminate the effects of question order on responses because of their ability to randomize the order of questions within a group.
Answer the following statement true (T) or false (F)
Augusta Company reported that its bonds with a face value of $82,000 and a carrying value of $61,000 are retired for $72,000 cash. The amount to be reported under cash flows from financing activities is:
A. ($93,000) B. ($72,000) C. ($11,000) D. $0; this is an operating activity.