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11) What is the basis for the concept of risk pooling? A. the law of averages. B. statistical variation. C. the laws of probability. D. the law of large numbers.
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Asked 1/14/2011 5:23:02 PM
Updated 7/26/2015 6:45:16 PM
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Flagged by matahari [7/26/2015 6:44:58 PM]
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User: 11) What is the basis for the concept of risk pooling? A. the law of averages. B. statistical variation. C. the laws of probability. D. the law of large numbers.

Weegy: b
allybee|Points 7132|

Question
Asked 1/14/2011 5:23:02 PM
Updated 7/26/2015 6:45:16 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by matahari [7/26/2015 6:44:58 PM]
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The basis for the concept of risk pooling is: the law of large numbers.
Added 7/26/2015 6:45:16 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/26/2015 7:02:09 PM]
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