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What is the basis for the concept of risk pooling? A. the law of large numbers. B. the law of averages. C. the laws of probability. D. statistical variation.
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Asked 5/20/2011 7:56:09 PM
Updated 8/7/2016 8:53:13 PM
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User: What is the basis for the concept of risk pooling? A. the law of large numbers. B. the law of averages. C. the laws of probability. D. statistical variation.

Weegy: A: the law of probability
tmk3103|Points 227|

Question
Asked 5/20/2011 7:56:09 PM
Updated 8/7/2016 8:53:13 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [8/7/2016 8:53:13 PM]
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The law of large numbers is the basis for the concept of risk pooling.
Added 8/7/2016 8:53:11 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/8/2016 2:27:15 AM]
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Questions asked by the same visitor
When you purchase insurance, what are you doing? A. Transferring the risk of a loss. B. Reducing the risk of a loss. C. Avoiding the risk of a loss D. Retaining the risk of a loss
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Updated 1/4/2016 12:22:52 PM
1 Answer/Comment
When you purchase insurance, transferring the risk of a loss.
Added 1/4/2016 12:22:52 PM
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