MedProf Insurance markets medical malpractice insurance. The company's combined ratio in 2015 was 95.4. Its expense ratio was 25.4. What was the company's loss ratio?

A) 60.4
B) 70.0
C) 88.2
D) 120.8

Answer: B

Business

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What is the basis for resolving conflict in groups?

A) reward B) trust C) empathy D) compromise

Business

Let X1, X2,......,Xk be a set of k continuous random variables. The function F(x1, x2, .....,xk)which defines the probability that simultaneously X1 < x1, X2 < x2 and so on is called a:

A) marginal distribution function. B) marginal cumulative distribution function. C) joint cumulative distribution function. D) normal distribution function.

Business