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Part 1 - Short answer. Each question is worth one point. 1. As the sample size increases, the difference between actual and expected results declines.
Part 1 - Short answer. Each question is worth one point. 1. As the sample size increases, the difference between actual and expected results declines. What is the name of this mathematical principle, which is important for insurance companies? Hint: we discussed a coin flipping example to demonstrate the principle
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