What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location? 3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk? 4. Why is estate planning important? 5. What is the principle of indemnity? Why is this principle important?

Describe the relationship between bias and variability through an example. given that the proportion of all americans that believe president bush is doing a good job is 42%, you then conduct a series of 10 polls to confirm or refute this claim of 42%. describe your results a) there is high bias and high variability in your results. b) there is high bias and low variability in your results. c) there is low bias and high variability in your results. d) there is low bias and low variability in your results.