Which of the following statements about the loss severity distribution is correct?
A) The loss severity distribution estimates the average size of an expected loss.
B) The loss severity distribution can be used to estimate the average severity of loss if a loss occurs.
C) The loss severity distribution represents the number of losses likely to happen.
D) The loss severity distribution is measured as a percentage of loss.
B
Business
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In the context of social structure, American society is characterized by a low degree of:
A. social stratification. B. mobility between strata. C. entrepreneurial activity. D. managerial mobility. E. dynamism and innovation.
Business
Explain briefly the purpose of the McCarran Act
What will be an ideal response?
Business