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Given P (E) = 0.8, P (F) = 0.4 and P (E ∩ F) = 0.2 We know that by the definition of conditional probability, P(A/B) = P(A ∩ B)/P(B) By substituting the values, we get = P(E|F) = P(E ∩ F)/P(F) = 0.2/0.4 = 2/4 = 1/2 And = P(F|E) = P(E ∩ F)/P(E) = 0.2/0.8 = 2/8 = 1/4
Which of the following pools is managed by GIC?
What is the purpose of risk management for an insured?
In Insurance, CGL stands for?
__________ in insurance is the splitting or spreading of risk among multiple parties.
If a policy holder stops paying the premium after three years, but does not withdraw the money from his policy, then the policy is said to be?
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
The 'Insured's Declaration' form typically includes information about:
Marine insurance certificates must always be:
Consumer Protection Act deals with:
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.