1.Explain the differences between quantitative and qualitative analysis.

2.Compare and contrast theoretical and empirical probabilities

3.What are the criteria that need to be met in order for the law of large numbers to work effectively

4.Calculate the mean, standard deviation and co-efficient of variation from the following loss history of a large manufacturing companies workers compensation loss history

a.Year 1 - $100,000

b.Year 2 - $125,000

c.Year 3 - $50,000

d.Year 4 - $1,250,000 (one large auto accident involving a sales person for $1,150,000)

e.Year 5 - $85,000

f.Year 6 - $140,000

5.List and define the four dimensions used in the analysis of a loss exposure

6.List and define the general categories of risk treatment options

7.What risk financing options are likely being usedby Smokey's Bait and Muskey Shop?

8.What Risk financing options are likely being used by Medtronics?