Question
What is the primary method to calculate the pure premium
for a group of insured?Solution
Divide the total claims incurred per year by the number of units of exposure. The pure premium represents the expected cost of claims per unit of exposure. It is calculated by dividing the total claims incurred during a specific period by the total number of units of exposure (e.g., number of vehicles, number of homes).
Max-Flow Min-Cut theorem states:
RISC stands for:
In networking, what is the primary purpose of subnetting?
Which of the following best explains segmentation in memory management?
Which of the following best describes Abstraction in Object-Oriented Programming (OOP)?
Which of the following types of software testing ensures that previously working functionality is still operational after changes?
Which CPU scheduling algorithm always selects the process with the smallest burst time first, potentially leading to starvation?
Which of the following statements best describes polymorphism in object-oriented programming?
- Which of the following is the primary characteristic of Infrastructure as a Service (IaaS) in cloud computing?
Which encryption technique is used in Transport Layer Security (TLS) to securely establish a session key?
