Question

What does a credibility factor of 0% signify in mortality or morbidity analysis?

a.

The data is not fit for the purpose of analysis.

b.

The data contains random fluctuations.

c.

The data is fully reliable and credible.

d.

The data is statistically significant.

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).The data is not fit for the purpose of analysis. Explanation:A credibility factor of 0% in mortality or morbidity analysis signifies that the data is not credible or reliable for the particular task or purpose of analysis.

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Q. What does a credibility factor of 0% signify in mortality or morbidity analysis?
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