Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Chapter C.3, Problem 5TP
Summary Introduction

To discuss: The law of large numbers.

Introduction: The law that states to incur an expected level of loss in the company in case a large number of people are exposed to same type of risk is referred to as the law of large numbers.

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