A priori probability Study guides, Class notes & Summaries
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RMIN 4000 uga test 1 2024
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RMIN 4000 uga test 1 2024 
types of risk -Answer--pure risk 
-speculative risk 
-diversifiable risk 
-nondiversifiable risk 
-enterprise risk 
-systemic risk 
risk -Answer-uncertainty concerning the occurrence of a loss 
uncertainty -Answer-probabilities cannot be estimated 
loss exposure -Answer-any situation or circumstance in which a loss is possible, 
regardless of whether a loss actually occurs 
example: earthquake or flood causing damage to a manufacturing plant 
objective risk (degree of ...
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CFA Level 1 Questions | Questions with 100% Correct Answers | Updated and Verified
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What are the 4 types of measurement scales? - 
1. Nominal Scales 
2. Ordinal Scales (Assigned to a category) 
3. Interval Scales (Relative ranking) 
4. Ratio Scales (Equal differences between scale values) 
NOIR 
When do we use geometric and arithmetic means to analyze investment returns? - 
Arithmetic Mean: To estimate next year's return 
Geometric Mean: Measure of past performance 
What are the 3 different types of probabilities? - 
1. Empirical Probability (Past data) 
2. Priori Probabili...
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RMIN 4000 UGA Test 1 Questions and Answers (GRADED A+)
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types of risk - ANSWER--pure risk 
-speculative risk 
-diversifiable risk 
-nondiversifiable risk 
-enterprise risk 
-systemic risk 
 
risk - ANSWER-uncertainty concerning the occurrence of a loss 
 
uncertainty - ANSWER-probabilities cannot be estimated 
 
loss exposure - ANSWER-any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs 
example: earthquake or flood causing damage to a manufacturing plant 
 
objective risk (degree of risk) - ANSWER-...
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Risk Management Exam 1 (CH 1- 2024) || Questions & Solutions (100% Correct)
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Risk Management Exam 1 (CH 1- 2024) || Questions & Solutions (100% Correct) 
Risk Management Exam 1 (CH 1- 2024) || Questions & Solutions (100% Correct) 
 
Traditionally, risk has been defined as 
A) any situation in which the probability of loss is one. 
B) any situation in which the probability of loss is zero. 
C) uncertainty concerning the occurrence of loss. 
D) the probability of a loss occurring. - ANSWER - C) uncertainty concerning the occurrence of loss. 
 
2) Objective risk is defined ...
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RMIN 4000 uga Exam with Guaranteed Accurate Answers
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types of risk - correct answer -pure risk 
-speculative risk 
-diversifiable risk 
-nondiversifiable risk 
-enterprise risk 
-systemic risk 
 
risk - correct answer uncertainty concerning the occurrence of a loss 
 
uncertainty - correct answer probabilities cannot be estimated 
 
loss exposure - correct answer any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs 
example: earthquake or flood causing damage to a manufacturing plant 
 
objective...
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PRINCIPLES OF RISK MANAGEMENT AND INSURANCE EXAM 1 Rated 100% Correct!!
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Objective or degree risk - defined as relative variation of actual loss from expected loss. 
law of large numbers - number of exposure units increase, the close the actual loss experience 
will approach the expected loss experience. permits insurer to estimate future losses with some 
accuracy. 
Subjective risk - uncertainty based on a person's mental condition or state of mind. 
Chance of loss - defined as probability that event will occur. 
Objective probability - long run relative frequency ...
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RMIN 4000 UGA Test 1 Questions and Answers (GRADED A)
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types of risk - ANSWER--pure risk 
-speculative risk 
-diversifiable risk 
-nondiversifiable risk 
-enterprise risk 
-systemic risk 
 
risk - ANSWER-uncertainty concerning the occurrence of a loss 
 
uncertainty - ANSWER-probabilities cannot be estimated 
 
loss exposure - ANSWER-any situation or circumstance in which a loss is possible, regardless of whether a loss actually occurs 
example: earthquake or flood causing damage to a manufacturing plant 
 
objective risk (degree of risk) - ANSWER-...
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RMIN 4000 UGA Test 1. Chapters 1-3 Exam Questions and Answers 2024
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RMIN 4000 UGA Test 1. Chapters 1-3 
Exam Questions and Answers 2024 
1) Traditionally, risk has been defined as 
A) any situation in which the probability of loss is one. 
B) any situation in which the probability of loss is zero. 
C) uncertainty concerning the occurrence of loss. 
D) the probability of a loss occurring. -Answer-C 
2) Objective risk is defined as 
A) the probability of loss. 
B) the relative variation of actual loss from expected loss. 
C) uncertainty based on a person's mental...
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CFA Level 1 glossary 2023 Exam with complete solutions
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A priori probability - Answer- A probability based on logical analysis rather than on observation or personal judgment. 
 
abnormal return - Answer- The amount by which a security's actual return differs from its expected return, given the security's risk and the market's return. 
 
absolute advantage - Answer- A country's ability to produce a good or service at a lower absolute cost than its trading partner. 
 
Absolute dispersion - Answer- The amount of variability present without comparis...
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PSYCH 218 Test Questions With Verified Answers
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Chapter one: statistics and the scientific method - Answer :) 
 
Population - Answer the complete set of individuals, objects, or scores that you are interested in studying 
 
sample - Answer a subset of the population 
 
variable - Answer any property or characteristic of some event, object, person, that may have different values at different times depending on the conditions 
 
Independent variable - Answer controlled by the researcher- it is manipulated 
 
dependent variable - Answer the outc...
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