78. The process of arraying risks in a matrix, with one dimension being the frequency of events and the other being the severity is known as which of the following? A. Risk ManagementSubmitted by: Matthew Smith-Barrett, Error! Reference source not found. 15 B. Risk Mapping C. Risk Analysis D. Statistical Analysis of past losses 79. Which of the following tables has been developed for risk management purposes to gauge the likely severity of disability? A. Mortality tables B. Continuance tables C. Contingency tables D. Insurance tables 80. Utilizing the third step of the Domino theory as stated by H.W. Heinrich, "Removing physical hazards and eliminating unsafe actions by employees" refers to which form of loss control? A. Severity reduction B. Frequency reduction C. Separation D. Duplication

75. What is Raw Land?

A. Land used for housing

B. Agricultural land

C. Undeveloped land in its natural state

D. Land used for mining and supply of raw materials

76. The two key determinants of an auto insurance premium considers a female a youthful driver until the age of:

A. 21

B. 23

C. 25

D. 30

77. What is the mathematical concept that states that the expected results for a pool of portfolio of independent observations can be approximated by the normal distribution?

A. Central limit theory

B. Binomial Distribution

C. Measure of variation

D. Measure of central tendency

74. What are the four types of disabilities:

A. Permanent Total Disability, Temporary Partial Disability, Temporary Total Disability, Permanent Partial Disability

B. Permanent Disability, Partial Disability, Temporary Disability, Total Disability,

C. Temporary Partial Disability, Temporary Total Disability, Permanent Partial Disability, Deafness

D. Blindness, Deafness, Dumbness, Permanent Partial Disability