Question: Question 4 4 Lass severity is defined as the probabie number of losses which may occur during some period. probability that any particular piece of
Question
Lass severity is defined as the
probabie number of losses which may occur during some period.
probability that any particular piece of property may be totally destroyed.
probable size of the losses which may occur during some period.
probability that a liability judgment may exceed a firm's net worth.
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