D Question 12 2.5 pt Which of the following is CORRECT on the probability calculation? o We should use the addition rule to calculate the independent events problems. + Sampling with replacement is a dependent event problem, We use "or" to link two mutually exclusive events for the probability calculation. We should use the multiplication rule to calculate the not mutually exclusive events problems. Question 8 2.5 pts Which of the following on Coverage B of the Commercial General Liability (CGL) Policy is(are) FALSE? 1. It does not cover bodily injury liability, II. It is a name-peril policy. III. It covers medical payments without regard to legal liability, Oll and Ill only O I. II and III. o I and III only. o I and II only Question 5 2.5-pt Which of the following statements about options is TRUE? O The option seller bears credit risk at the time when the option is sold because the option buyer may not pay the option premium The put owner is in the short position because he has the right to sell the underlying asset at the exercise price. The call writer is in the short position and has the obligation to sell the underlying asset at the exercise price when the call owner wants to exercise the option The put writer is in the long position because she has the obligation to buy the underlying asset at the exercise price when the put owner wants to exercise the on