The concept of "Expected value" relates the magnitude of a risk to the frequency of loss and severity of loss that

Question

Question: The concept of "Expected value" relates the magnitude of a risk to the frequency of loss and severity of loss that might occur.

Options:

1.  True
2.  False

Answer 1

1. True

The concept of "Expected value" relates the magnitude of a risk to the frequency of loss and severity of loss that might occur.