The law of large numbers states that:

Insurance

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The law of large numbers states that:

A) the smaller the number of risks combined into one group, the less uncertainty there will be as to the amount of loss that will be incurred.

B) the smaller the number of risks combined into one group, the larger the loss will be to any one individual in that group.

C) the larger the number of risks combined into one group, the smaller the loss will be to any one individual in that group.

D) the larger the number of risks combined into one group, the less uncertainty there will be as to the amount of loss that will be incurred.

Answer: D

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