Stochastic Modelling in Insurance
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Questions and Answers

True or false: Stochastic modelling is only used in the insurance industry?

False

True or false: Stochastic modelling is based on fluctuations observed in historical data?

True

True or false: Stochastic modelling is primarily used in physics?

False

True or false: Stochastic modelling is not used in finance?

<p>False</p> Signup and view all the answers

True or false: Stochastic modelling is used to estimate probability distributions of potential outcomes?

<p>True</p> Signup and view all the answers

True or false: Stochastic modelling is used to estimate probability distributions of potential outcomes?

<p>True</p> Signup and view all the answers

True or false: Stochastic modelling is primarily used in physics?

<p>False</p> Signup and view all the answers

True or false: Stochastic modelling is based on fluctuations observed in historical data?

<p>True</p> Signup and view all the answers

True or false: Stochastic modelling is not used in finance?

<p>False</p> Signup and view all the answers

True or false: Stochastic modelling is only used in the insurance industry?

<p>False</p> Signup and view all the answers

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