Question

If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance

company believes that the probability of someone in that age bracket dying this year would be
A) 0.
B) .001.
C) .0001.
D) 1,000.

Answer 1

Probability of someone in that age bracket dying this year would be .001

Step-by-step explanation:

A degree in Risk Management is a form of academic degree granted to students in a post-secondary program focused on Risk Management. A student, university and business school may earn risk management degrees.

The sum of confusion that occurs in a given situation.

For example, if the heads are selected in a coin toss, the amount of risk involved is 50 per cent, as there is a 50 per cent probability that every coin toss will end up with tails. See also the Theory of Large Number, Odds and Probability.