As the number of exposure units increases, the more closely the actual loss experience will approach the expected loss e

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answerhappygod
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As the number of exposure units increases, the more closely the actual loss experience will approach the expected loss e

Post by answerhappygod »

As the number of exposure units increases, the more closely the
actual loss experience will approach the expected loss experience
and therefore predictability of losses increases. This mathematical
foundation of insurance is best described by
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