Are you looking for the correct answer to the question “Which of the following statements about the expected average loss is not correct?”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
Which of the following statements about the expected average loss is not correct?
A) The average loss is guaranteed to happen in the upcoming year.
B) The average loss will be expressed in dollars.
C) The average loss is a tool for risk managers to handle future risks.
D) The average loss can be estimated by multiplying the average loss severity with the average loss frequency.
Answer: A
The above question Which of the following statements about the expected average loss is not correct?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
