CompetencyExamine the application of statistical functions and derivatives as instruments for measuring risks.InstructionsYou will assume the role of a senior analyst hired by a fictitious company, Premium Acceptance, a midsized property insurance carrier. Premium Acceptance is performing well with respect to several key performance indicators, including policies in force, policy retention, and new business counts.One of your objectives as the newly appointed senior risk analyst is to develop a framework for managing loss ratios which is one of the firm's largest key performance indicators. A loss ratio is simply the difference between the ratio of claims paid by an insurance carrier and the ratio of premiums paid. The board of directors depends on the ability to forecast loss ratios, which in turn enables them to forecast profitability metrics to the shareholders. The organization will now consider implementing the use of statistics for measuring risks.Your deliverable should be composed in a report. Be sure to address the following items:Explain how statistics is used to formally define risk in the risk assessment process.Discuss at least two statistical tools that can be employed to measure risk.Convey which tool best serves the company's purposes and explain why it is.What are the ramifications of the organization electing not to use statistics in this process?For help writing a business report, please use the guide found here.Grading RubricFFCBA01234Not SubmittedNo PassCompetenceProficiencyMasteryNot SubmittedAn inaccurate overview of how statistics support the risk assessment process is given OR no overview of how statistics support the risk assessment process is given.An accurate overview of how statistics support the risk assessment process is given. A definition of risk is included.An accurate overview that includes specific examples of how statistics support the risk assessment process is given. A definition of risk is included.A thorough and detailed overview that includes specific examples of how statistics support the risk assessment process is given. A definition of risk is included.Not SubmittedLess than two valid statistical tools that can be used to measure risk are included.At least two valid statistical tools that can be employed to measure risk are discussed.At least two valid statistical tools that can be employed to measure risk are explained with details on specific applications.More than two valid statistical tools that can be employed to measure risk are explained with details on specific applications.Not SubmittedDoes not correctly identify which tool will best serve the company's purpose OR does not correctly explain why it is the best tool.Correctly identifies which tool best serves the company's purpose AND explains why it is the best tool.Correctly identifies which tool best serves the company's purpose AND explains why it is the best tool through specific examples of an application of the tool.Correctly identifies which tool best serves the company's purpose AND gives a thorough and detailed explanation of why it is the best tool. Includes specific examples of an application of the tool.Not SubmittedLess than two valid ramifications of choosing not to use statistics in the risk assessment process are given.At least two valid ramifications of choosing not to use statistics in the risk assessment process are given.At least two valid ramifications of choosing not to use statistics in the risk assessment process are thoroughly explained.More than two valid ramifications of choosing not to use statistics in the risk assessment process are thoroughly explained.

Using the decision tree resources available in the Topic Materials, create a decision tree for the scenario you outlined in Topic 2 DQ 1. Attach the decision tree to your response and include insights in crafting the decision tree. How would you apply your experience to larger-scale decisions at an organizational level?Initial post: The business decision model has applications stretching beyond business. It is, in essence, an intellectual model for how decisions are made. Business decision models can be applied in all aspects of life. This will be proven by this paper; the business decision model can be applicable in all aspects of life.For example, it can be used in choosing an outfit. Suppose the prevalent weather conditions are cold and rainy, what would be the best outfit someone would wear for the workplace?The following is an application of the five steps of decision tree analysis to analyze the situation.Defining the problem: The problem in this case would be maintaining the decency and official nature of dressing in the workplace while still keeping warm (Render, Stair & Hanna, 2009).Then I would I build a decision tree, unfortunately this DB will not allow me to paste my decision tree here. The probabilities to the states of nature, with respect to the narrow nature of the available options would be very limited. Only one of the options provided has a probable positive outcome (Render, Stair & Hanna, 2009).The estimated payoffs, as far as this model is concerned is comfort coupled with the maintenance of the accepted dressing codes in the office. Light clothes would result in discomfort, since the weather is unforgiving. It would also result in inappropriateness, as far as dressing codes in the office is concerned. Wearing normal office clothes would maintain the accepted dressing codes in the office, but the weather would make comfort a distant luxury (Render, Stair & Hanna, 2009).As such, the solution of the problem would solely be wearing heavy clothing, like jackets, sweaters, gloves, headgear and the like. This is because they assure comfort in the prevalent weather conditions, while still maintaining the accepted dressing codes in the office (Render, Stair & Hanna, 2009).

I'm working on a marketing presentation and need support to help me learn.I'm working on a team presentation i need help with.Assignment ContentMany digital and social media sites are widely used in marketing strategies.Prepare a 10- to 15-slide presentation with detailed speaker’s notes and visuals elements.Complete the following in your presentation:Identify a company that could benefit from better use of social media.Analyze at least 10 digital and social media channels and describe the strengths and weaknesses of each of these as a marketing tool for this company.Design an online strategy that maximizes the use of some or all of the digital and social media channels, as appropriate, based on your team’s analysis.Determine key performance indicators to measure the success of the online strategy.Format your citations according to APA guidelines.I have point 3 can you please asassassist meInclude notes