Question: Risk managers rely on statistics ans trends analysis in making their risk decisions. Chapter 2 provides a refresher course in statistics and math concepts. Risk
Risk managers rely on statistics ans trends analysis in making their risk decisions. Chapter 2 provides a refresher course in statistics and math concepts. Risk managers must provide executive management is hard number reasons for the directions they must take. Consider an insurance company that wants to underwrite the automobile insurance. The actuaries need historical data involving claims and motor vehicle violations to properly rate their product. If you were the risk manager charged with developing a new line of auto insurance, which market would you pursue and which you would not pursue. Provide examples with factual data in your answer. There must be actual data to support the decision and include a t least a summary of it in your initial post
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