Insurance is possible because of the law of large numbers, which means Group of answer choices insurers can adequately predict the losses incurred by an individual, but are unable to predict the losses for large numbers of individuals. events that are unpredictable for a large number of individuals become predictable for an individual. insurers can predict whether an individual will suffer a loss better than they can predict whether a large number of individuals will suffer losses. events that are unpredictable for an individual become predictable for a large number of individuals.
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Business, 22.06.2019 07:30
Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?
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Business, 22.06.2019 09:50
Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing
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Business, 22.06.2019 14:50
Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
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Business, 22.06.2019 17:30
What is the sequence of events that could lead to trade surplus
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Insurance is possible because of the law of large numbers, which means Group of answer choices insur...
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