Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take mock test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the role of probability in insurance?
💡 Hint: Think about how insurance companies evaluate risk.
Question 2
Easy
How does probability assist in finance?
💡 Hint: Focus on investment decisions based on potential market behavior.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the main application of probability in insurance?
- Setting interest rates
- Assessing risks
- Calculating taxes
💡 Hint: Think about what insurance companies do to manage risk.
Question 2
True or False: Probability is not relevant in medical testing.
- True
- False
💡 Hint: Consider how tests evaluate conditions.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has a 5% chance that a claim will be made each year. If they have 100 customers, what is the expected number of claims they should prepare for?
💡 Hint: Think about the probability formula for expected values.
Question 2
You want to invest $10,000 in stocks. There's a 70% chance of a 10% increase or a 30% chance of a 20% decrease. What is the expected value of the investment?
💡 Hint: Use the formula for expected value with different outcomes and their probabilities.
Challenge and get performance evaluation