What are the two major differences between insurance and gambling?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Insurance differs from gambling in two ways First gambling creates a new specu...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
What are the two major differences between insurance and hedging?
-
What are the two major differences between IAS 19 and U.S. GAAP?
-
What are the two major disadvantages of an SBU-type organizational structure? What are the two major advantages? At what point in a firms growth do you feel the advantages offset the disadvantages?...
-
You are appraising a three-year-old, single-tamily residence. The total square footage of the livable area is 2,500. The garage is 500 sq. ft. According to figures obtained from a cost-estimating...
-
Mishu wants to invest an inheritance of $50 000 for one year. His credit union offers 3.95% for a one-year term or 3.85% for a six-month term. (a) How much will Mishu receive after one year if he...
-
1. To help the manufacturer get a clear picture of type I and type II error probabilities, draw a versus chart for sample sizes of 30, 40, 60, and 80. If is to be at most 1% with = 5%, which...
-
Describe the role of the patient, physician, nurse, and hospital in obtaining informed consent.
-
G.S. Adams Jr., vice president of the Washington Bank & Trust Co., met with Bruce Bickham. An agreement was reached whereby Bickham agreed to do his personal and corporate banking business with the...
-
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
a. What is the meaning of adverse selection? b. Identify some methods that insurers use to control for adverse selection.
-
City Bus Corporation provides school bus transportation to public schools in Lancaster County. City Bus owns 50 buses that are garaged in three different cities within the county. The firm faces...
-
After a home, a car is likely the biggest purchase most consumers ever make. And arguably, no other big-ticket item is as dependent on the quality of personal selling to close the deal. For decades,...
-
What are the tasks needed for system maintenance?
-
Explain what is meant by task concurrency in a uniprocessor environment.
-
Why is it necessary to recover the existing physical system in system enhancement?
-
Exceptions can be used conveniently as a framework for error recovery. Define the following terms: (a) A synchronous exception. (b) An asynchronous exception. (c) An application - detected error. (d)...
-
One very important final activity should take place after conversion to the new system is successfully completed. What do you think it is?
-
Find the radius of convergence and interval of convergence of the series. M=1 (-1)"-x" 3 n
-
Saccharin is an artificial sweetener that is used in diet beverages. In order for it to be metabolized by the body, it must pass into cells. Below are shown the two forms of saccharin. Saccharin has...
-
West Ltd is a leading company in the sale of frozen and canned fish produce. These products are sold under two brand names. - Fish caught in southern Australian waters are sold under the brand...
-
Julian, age 45, would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings over the next 20 years will be $40,000. Of this...
-
In property insurance, indemnification is based on the actual cash value. Give examples of different methods used in other types of insurance.
-
a. Explain the principle of utmost good faith. b. What are its historical roots?
-
Given the function. f(x) = ln (2x+3x) Compute f'(x). Enter your answer rounded to the nearest tenth
-
A motor-cycle manufacturing company desires a profit of $600,000. The fixed costs are $800,000. The unit selling price of the motor-cycle is $750 and the variable cost per unit is $680. How many...
-
3. ZR Corporation's stock has a beta coefficient equal to 0.8 and a required rate of return equal to 11 percent. If the expected rate of return on the market is 12.5 percent, what is the risk-free...
Study smarter with the SolutionInn App