Please help with the following 3 parts: answer a discussion question, write a reply to 2 posts below, and answer 2 homework problems.

Part 1: Answer Discussion Question (minimum of 100 words, looking for 2 paragraphs) Risk managers rely on statistics and trend analysis in making their risk decisions. Chapter 2 provides a refresher course in statistics and mathematical 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 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 ones would you not pursue? Provide examples with factual data (and cite your sources) in your answer. Part 2: Reply to the following 2 posts (100 word minimum per posts) Post 1: If I was tasked with creating a new insurance I would focus on the emerging markets and not the old. The old market has past its value. Innovations in vehicle equipment and road safety are lowering the likelihood of a collision. Auto insurance is on a steady decline. Emerging markets face high profitability due to the increased value of cars each year raising insurance premiums. According to consumer reports, insurance rates are up a total of 5% in the last 12 months. According to Table 2.3 Opportunity and Loss Assessment Consequences of New Product Market Entry Demand and Sales Performance directly relate to an increased market profitability. Post 2: As a risk manager charged with developing a new auto insurance line, I would pursue the ages 55 to 65 market. This market is regarded as the age group to have the least expensive insurance (Carinsurancecompanies.com, p.15). Individuals aged 55 to 65 have had time to develop good driving skills and can maneuver a vehicle in emergency situations. This group also is not likely to receive as many citations as younger drivers (Carinsurancecompanies.com, p.16). On the other hand, there are 2 groups that I would avoid: individuals between the ages 15 to 20, and individuals aged 65 and older. Drivers between the ages of 15 to 20 are regarded as inexperienced and impulsive. They have not had enough time to learn the maneuver's of a vehicle and practice safe driving. This group has the most expensive car insurance (Carinsurancecompanies.com, p.1). In addition to this age group, drivers aged 65 and above are evaluated on higher risk assessments due to the possibility that their ability to drive may generally decrease in the areas of eyesight and reflexes or motor control (Car Insurance Companies.com, p.19). According to Carinsurancecompanies.com (2018), this group is just as likely as individuals aged 15 to 20 to be involved in an accident (p.20). Part 3: Homework #2 - Chapter 2 Review and Practice Questions 1 & 2 (page 85)(ebook attached)