While prediction is largely experience and opinion based, ________ is data and model based

Donald is the primary insured of a life insurance policy and adds a children's term rider. What is the advantage of adding this rider?

A) Can be converted to permanent coverage without evidence of insurability B) Coverage can be different for each child C) Premiums on this rider are not required until the limited age is reached D) Increases the policy's overall cash value

Mini-Case Question. As the market for this product matures, Coller may need to rethink its pricing in order to optimize profits as the market growth slows

If the objective is to optimize profits, is it a good idea for Coller Inc to decrease the price by 10% in an attempt to increase market share to 6%? A) Yes, because sales revenues will increase by $16 million. B) Yes, because margin per unit will increase by $200. C) Yes, because gross profit will increase by $16 million. D) No, because gross profit will decrease by $16 million. E) No, because variable costs will increase by 10%.