If an insurance company insured 100 000 cars across the province against theft,which statement would NOT be true?

Question

Quizplus · Accepted Answer

The statement "The insurance company must assume that very few cars will be stolen" is not true. In fact, the insurance company must assume that a certain percentage of cars will be stolen and use statistical analysis to determine the expected number of thefts and the corresponding premium to charge each policyholder.

If an Insurance Company Insured 100 000 Cars Across the Province