Question
What does IBNR stand for in insurance?
Solution
IBNR in insurance stands for "Incurred but Not Reported." It represents the estimated amount of claims that have already occurred but have not yet been officially reported to the insurance company. This is an essential concept in insurance for financial planning and setting reserves to cover potential future claims.
In a binomial distribution, if you increase the number of trials (n) while keeping the probability of success (p) constant, what happens to the distribu...
Which probability distribution represents a continuous random variable with a constant probability density function over a specified interval?
What is the primary purpose of the Simple Mail Transfer Protocol (SMTP)?
Which storage technology uses optical discs to store data and is commonly used for distributing software, movies, and music?
Consider the following sorting algorithms.
I. Quicksort II. Heapsort III. Mergesort
Which of them perform in least time in the worst case?
Which layer of the OSI model do stateful firewalls primarily operate at?
Which famous sorting algorithm uses the divide-and-conquer strategy?
What is the term for the process of transferring data between physical memory and secondary storage in virtual memory systems?
What is the primary purpose of the three-way handshake in TCP?
A B-tree of order 4 is built from scratch by 10 successive insertions. What is the maximum number of node splitting operations that may take place?
Relevant for Exams:
