Which of the following statements about the confidence interval is not correct?

Which of the following statements about the confidence interval is not correct?


A) A confidence interval is based on the outcomes of the probability distribution.

B) A confidence interval is calculated by adding and subtracting the standard deviation to/from the estimate of mean expected loss.

C) A confidence interval tells the insurer something about the size of the risk pool.

D) A confidence interval tells the insurer something about how much money it needs to cover potential losses.


Answer: C

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