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Which of the following best describes the statement “The more times an event is repeated, the more predictable the outcome becomes”?
Options
A) Law of large numbers
B) Adverse selection
C) Average variance
D) Speculative retention
Answer: A) Law of large numbers
The above question Which of the following best describes the statement “The more times an event is repeated, the more predictable the outcome becomes”?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
