Rmi 300 - Study guides, Class notes & Summaries

RMI 300 Exam 1 Accurate 100% RMI 300 Exam 1 Accurate 100% BPP Additional Coverages and Coverage Extensions: - ANSWER provides several supplemental coverages in addition to the basic coverages, coverage extensions: apply only if at least 80% coinsurance or values reporting is shown in the declarations Debris Removal: - ANSWER part of policy limit plus $10K, limited to 25% of covered loss plus $10,000, Preservation of Property: - ANSWER part of policy limit, no sublimit, Fire Depart...

RMI 300: Exam 2 Questions With 100% Correct Answers random variable - answervariables whose outcomes are uncertain and can have different values how to develop probability distributions - answer1) identify all possible outcomes 2) calculate probabilities for all possible outcomes collectively exhaustive - answeraccount for all possibilities mutually exclusive - answerdefine so that the occurrence of one outcome precludes the occurrence of any other discrete distribution - answerwhen var...

random variable - variables whose outcomes are uncertain and can have different values how to develop probability distributions - 1) identify all possible outcomes 2) calculate probabilities for all possible outcomes collectively exhaustive - account for all possibilities mutually exclusive - define so that the occurrence of one outcome precludes the occurrence of any other discrete distribution - when variables are integers, that is, distinct values (frequency) continuous distribution - ...

random variablevariables whose outcomes are uncertain and can have different values how to develop probability distributions1) identify all possible outcomes 2) calculate probabilities for all possible outcomes collectively exhaustiveaccount for all possibilities mutually exclusivedefine so that the occurrence of one outcome precludes the occurrence of any other discrete distributionwhen variables are integers, that is, distinct values (frequency) continuous distributionwhen any value un...

RMI 300 Final Exam Study Guide Solutions Framing- How to mitigate the Bias - ANSWER-is the way we define the decision to be made. Think of a picture frame, which is a lens through which we see the situation. Some qualities are inside and some outside. -Restate/reframe the issue before making a decision. -Work towards neutral representations. -Recognize the influence of gains versus losses; most effective concessions are those that reduce the opponents losses, not improve an attribute in w...

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 Final Exam 2023 with all the correct answers| Graded A+

RMI 300 EXAM 2 WITH COMPLETE QUESTIONS AND ANSWERS

RMI 300 Final Exam 2023 with all the correct answers| Graded A+