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Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance

Virginia Life, Annuities, and Health Insurance Examination Series 11-01

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NEW QUESTION: 1
더운 날씨 예측에서 더운 날씨의 확률이 50 % 인 경우 공급 업체는 예측에 대해 얼마를 지불 할 것입니까?
A. US $ 500
B. US $ 1,000
C. US $ 300
D. US $ 600
Answer: C
Explanation:
If the weather is hot and coffee is served, the vendor earns US $1,900. If the vendor knows the weather will be hot, she would sell soft drinks and make U $2,500, a US $600 increase.
Thus, the vendor should be willing to pay up to U $600 for perfect information regarding hot weather. However, if the forecasts are only 50% accurate, the information is not perfect. Accordingly, the vendor should be willing to pay only U $300 the U $600 potential increase
in profits 50%) for the sometimes accurate forecasts.

NEW QUESTION: 2

A. Option C
B. Option A
C. Option B
D. Option D
Answer: B

NEW QUESTION: 3



A. Option B
B. Option C
C. Option A
D. Option D
Answer: A,C

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Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance

Virginia Life, Annuities, and Health Insurance Examination Series 11-01

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