Question: Describe the difference between loss severity and loss frequency. In your answer, give an example of a loss control technique (as described in Chapter 2,

Describe the difference between loss severity and loss frequency. In your answer, give an example of a loss control technique (as described in Chapter 2, Risk Identification) that can be used by the owner of an apartment complex to reduce the severity and the frequency of fire losses. (from the book risk management and insurance)

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