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1. Whichof the following is NOT an example of Risk Control elect one: O a. a. Avoidance O b. a. Loss Prevention O C. a. Loss reduction O d. a. Retention1. RST Company has production facilities in Kingston and Spanish Town. The probability that in any given year a fire will damage the facility in Kingston is 1/4 and the probability that in any given year a fire will damage the facility in Spanish Town is 1/3. Find the probability that Only Kingston will be damaged by fire in any given year Select one: O a. a. 1/12 O b. a. 1/2 O C. a. 2/3 O d. a. 1/41. What is the ideal requirement of an insurable risk Select one: O a. a. The loss should be catastrophic O b. a. The loss must be accidental and intentional O C. a. There must be a large number of non-exposed units O d. a. The chance of loss must be calculable1. RST Com pany has production facilities in Kingston and Spanish Town. The probability that in any given year a fire will damage the facility in Kingston is \"If-1 and the probability that in any given year a re will damage the facility in Spanish Town is US. Find the probability that both will be damaged by re in any given year Select one: 0 3- a. 1:12 C) b. a. 1!? O c. a. 2.23 C) d. a. U4 1. Which of the following is NOT a provision to control adverse selection Select one: Do. 3. Uncle writing 0 b" a. Extrapremium O C' a. Asuicide clause 0 d. a. A oreexisting clause 1. Examples of inflated claims include all the following, except: Select one: O a. a. Attorneys for plaintiffs sue for high-liability judgments that exceed the true economic loss of the victim O b. a. Insureds inflate the amount of damage in auto collisions claims so that insurance payments will cover the collision deductible O C. a. Disabled persons after malinger to collect disability income benefits for a shorter duration O d. a. Insureds exaggerate the amount and value of property stolen from a home or business1. The installation of an automatic sprinker system that rapidly distinguishes a fire is an example of Select one: O a. a. Avoidance O b. a. Loss Prevention O C. a. Loss reduction O d. a. Retention1. In the county of ESSENFOLK, 25% of homes are damaged by fire in a given year, 15% are damaged by flood in a given year, and 10% are damaged both by fire and flood in a given year. A home is selected at random. What is the probability that the home is damage by fire or flood Select one: O a. a. 2/3 O b. a. 2/5 O C. a. 3/10 O d. a. 11. In the county of ESSENFOLK, 25% of homes are damaged by fire in a given year, 15% are damaged by flood in a given year, and 10% are damaged both by fire and flood in a given year. A home is selected at random. If the home is damaged by flood, what is the probability that it is damaged by fire? Select one: O a. a. 2/3 O b. a. 2/5 O C. a. 3/10 Od. a. 1Which statement exemplifies the law of large numbers Select one: O a. a. As the number of homes under observation decrease, the greater the degree of accuracy in predicting the proportion of homes that will burn. O b. a. As the number of homes under observation increase, the lesser the degree of accuracy in predicting the proportion of homes that will burn. O C. a. As the number of homes under observation increase, the greater the degree of accuracy in predicting the proportion of homes that will burn. O d. a. As the number of homes under observation decrease, the lesser the degree of accuracy in predicting the proportion of homes that will burn