The portion of risk that a reinsurance company cedes or amount of insurance the company chooses not to retain is called?
Retrocession is a type of insurance wherein a reinsurance company takes on part of the risk assumed by another reinsurance company.
If n(A) = 25, n(B) = 40 and n(A ∪ B) = 50, then n(A ∩ B) equals
The probability that Leah will be accepted into program P is 60% and into program Q is 40%. Leah prefers program 'P' first, then 'Q', and finally 'R'. A...
A bag contains 15 white and some black balls. If the probability of drawing a black ball from the bag is thrice that of drawing a white ball, fin...
In a box there are 3 pink, 5 black, and 9 yellow flowers. One flower is picked up randomly. What is the probability that it is neither pink nor black? <...
If a coin is tossed 10 times then what is the probability of getting three heads?
There are 30 cars standing in a parking lot which consist of silver, grey and white cars. The number of grey and white cars are equal, and the number of...
Tokens numbered 1 to 350 are in a bag. What is the probability that the Token drawn has a number which is a multiple of 6 or 7?
A box contains 6 red, 4 blue, 2 green and 4 yellow pens. If four pens are picked at random, what is the probability that one is green, two are blue and ...
A word consists of 9 letters 5 consonants and 4 vowels. Three letters are chosen at random. What is the probability that more than one vowel will be sel...
The probability of selecting a rotten apple randomly from a heap of 600 apples is 0.14. What is the number of rotten apples in the heap?
