Exam (elaborations)
CPCU 500 Correct Questions & Answers(Latest Update 2023)
- Course
- Institution
Risk - ANSWERSthe uncertainty about outcomes, with the possibility that some of the outcomes can be negative. Quantified by knowing the probability of the possible outcomes Probability - ANSWERSthe likelihood that an outcome or event will occur. Probabilities are stated as a decimal figure, a pe...
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