Definition of "Average"

Dane Judson CA BRE Lic. #02001050 real estate agent
Dane Judson CA BRE Lic. #02001050, Real Estate Agent Judso Real Estate

Arithmetic mean; the sum of a series of numbers divided by the number of numbers comprising the sum. The arithmetic mean is the EXPECTED LOSS that the insurance company prepares itself to pay, as reflected in the BASIC PREMIUM.

 

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