The probability that a standard normal random variable Z is less than -3.5 is approximately 0

Which of the following statements is true with regard to insurance market dynamics?

I. When the property and liability insurance industry is in a strong surplus position, insurers can cut premiums and loosen underwriting standards. II. Insurance companies can lose money on their underwriting activities for the year, but still show a profit for the year. (a) I only (b) II only (c) both I and II (d) neither I nor II

The purpose of planning is to achieve a goal. All three levels of plans (strategic, tactical, and operational) foster long-term goals. When organizations with conflicting goals merge, what planning documents need to be revised?

What will be an ideal response?