Which of the following are statisticians who compile statistics to predict the risk of an event occurring in the population?
A) rocket scientists
B) quants
C) actuaries
D) risk analysts
C
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A leftward shift in the demand curve is called:
a. a decrease in demand. b. an increase in demand. c. a decrease in output. d. an increase in income.
Suppose a basket of goods and services has been selected to calculate the CPI and 2009 has been selected as the base year. In 2007, the basket's cost was $64; in 2009, the basket's cost was $68; and in 2011, the basket's cost was $70 . The value of the CPI in 2011 was
a. 97.14. b. 100.10. c. 102.94. d. 109.38.
Suppose the real exchange rate of 10 Mexican pesos to the dollar changes to 9 pesos to the dollar. In this situation, the dollar has __________________, making American goods __________ expensive for Mexicans
A) appreciated; less B) appreciated; more C) depreciated; less D) depreciated; more
An example of a shortage is limited amounts of:
a) water available for irrigating a crop because it is used for other crops b) labor available because the workers have other jobs c) food available because the trucks carrying it are on strike d) food available because few people want to buy it