help with short writing the course name is risk management

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Please answer the following questions with short paragraphs (separately) ( 6-8 sentences each ):

1) Explain what the law of large numbers is, and how it applies in the insurance industry.

2) How is insurance different from gambling?


3) Explain the function of Risk Analysis within the Enterprise Risk Management team in a large corporation. What is it, what does it hope to accomplish, and how are those goals achieved?

 
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