Lottery Study guides, Class notes & Summaries

______ comes about when we make judgments about the probability of an event under uncertainty. Framing Effect Over-confidence Bias Halo Effect Representative Heuristic - ANSWERSRepresentative Heuristic TRUE/FALSE? Bob wins the lottery. Since he knows the overall probability of winning the lottery is really low, he does not bother buying another ticket. This is an example of Base Rate Fallacy. - ANSWERSFalse _____ is a free linux-based mobile operating system. Windows 10: iOS Kindle ...

ALASKA LIFE AND HEALTH INSURANCE STATE EXAM 2024 WITH 100% CORRECT ANSWERS ___ is the act of offering an applicant something of value as an inducement to purchase an insurance policy - correct answer Rebating ___ is the authority given to a producer to transact business on behalf of the insurer. - correct answer appointment ___ of personal life insurance premiums is usually deductible for federal income tax purposes. - correct answer 0% ___is the act of replacing existing life insu...

Exam 2: NUR163/ NUR 163 (NEW 2023/ 2024) Concepts of Practical Nursing in the Care of Elderly Patients Exam Review| Complete Guide with Verified Answers| 100% Correct – Hondros QUESTION what are the defining characteristics of stress overload? Answer: Anger, impatience, inability to make decisions QUESTION T/F If a person experiences a positive event, such as winning the lottery, the person experiences stress because he/she is encountering a significant life ch...

Which of the following would be considered a speculative risk? - correct answer The possibility the painting you bought might be a long-lost masterpiece A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists. Which is the proper term for a company owned by its policy owners? - correct answer A mutual insurance company...

What is crossfit - Answer- Constantly varied functional movements executed at high intensity Constantly varied - Answer- General physical preparedness (GPP) What is General Physical Preparedness - Answer- Term used to describe the generalised base qualities of an athlete What's the aim of GPP - Answer- To establish a board foundational fitness level that can then be converted and applied throughout a wide range of tasks hoping to consistently make gains in the 10 general physical skill...

Which of the following represents pure risk? A. Purchase of stock in a new company B. An investment in real estate C. Purchase of a lottery ticket D. Chance of fire in a dwelling correct answersD. Chance of fire in a dwelling WHICH OF THE FOLLOWING IS A PERIL? A. ATTITUDE TOWARDS SAFETY B. FIRE C. DEDUCTIBLE D. AN EXCLUSION correct answersB. FIRE Direct loss refers to: A. Fire damage to a dwellings roof B. Cost of increased living expenses due to a fire C. Reduction in the valu...

CLP 1000 Final Exam Questions & Answers 2024/2025 Dan Gilbert Happiness video - ANSWERS-Synthetic Happiness - 1 year after the fact, lottery winners and paraplegics are equally happy. Psychology - ANSWERSthe science of behavior and mind, embracing all aspects of conscious and unconscious experience as well as thought. Psychiatrist - ANSWERSare trained medical doctors, they can prescribe medications, and they spend much of their time with patients on medication management as a cour...

ALABAMA LIFE AND HEALTH INSURANCE EXAM TEST BANK WITH 400 EXAM PRACTICE QUESTIONS AND CORRECT ANSWERS (100% CORRECT VERIFIED ANSWERS) Jill, whose policy contains a waiver of premium rider, becomes disabled for two years during which time the company pays over $400 in premiums. Jill recovers and now must: - ANSWER-Begin paying the premiums as they become due A is the insured under a $100,000 10 year term life insurance policy with her spouse named as her beneficiary. If she dies in y...

Which of the following would be considered a speculative risk? - The possibility the painting you bought might be a long-lost masterpiece A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, Casino's, Lottery, etc. All of the other choices describe pure risk, where there is no chance of gain, only a chance of loss exists. Which is the proper term for a company owned by its policy owners? - A mutual insurance company A producer who is acting as a...

As a rule of thumb, it is best if consumer debt does not exceed: A. 20% of net income. B. 20% of gross income. C. 3 to 6 months of expenses. D. 36% of gross monthly income. CORRECT ANSWER A. 20% of net income This is a rule of thumb, along with the others that recommend housing debt be limited to 28% of gross income, and total debt not to exceed 36% of gross income. David has won the Illinois state lottery. He must decide whether to receive annual payments of $250,000 at the beginnin...