Please assist with the following questions 23. The data in Table 5.11 give the aggregate claims for household damageinsurance in six successive years by four separate (regional) groups ofpolicyholders. Assume that the claim amounts have been adjusted toremove any effect of inflation and that the unit of money is millions ofdollars. Using empirical Bayes credibility Model 1, calculate estimatesof the pure premiums for the coming year for each of the regions.PROBLEMSTABLE 5.11Household damage claims.Year123 4 56RegionA206 146271178136 162B144 284310218266 301C64 574397132 110Ꭰ204 186248222 188204189

Answered: 23. The data in Table 5.11 give the…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Q7.What is the difference between 2019 FYA revenues and LTM revenues (2019 FYA minus LTM)? C "Reported" Year-to-date Revenues in Income Statement: • Q1 2019: $100.0m • Q2 2019: $250.0m • Q3 2019: $500.0m • Q4 2019: $800.0m • Q1 2020: $250.0m • Q2 2020: $400.0m A. +$125m B.-$150m C. +$75m O D.-$25m
3. The income tax in a certain state is calculated as follows: 2% on the first GhC1000.00, 3% on the next GhC2000.00, 4% on the next GhC3000.00, and 5% thereafter. Find the tax to be paid by an individual who earns an income of GhC25000.00 per month.
8. Risk premiums on corporate bonds tend to ( ) during business cycle expansions and ( ) during recessions, everything else held constant. increase; increase increase; decrease decrease; increase decrease; decrease
5. How is the flow of investors' money into stock mutual funds related to the flow of money into bond mutual funds? Data are collected on the net new money flowing into stock and bond mutual funds in the years 1985 to 2000, in billions of dollars. "Net" means that funds flowing out are subtracted from those flowing in. If more money leaves than arrives, the net flow will be negative. To eliminate the effect of inflation, all dollar amounts are in "real dollars" with constant buying power equal to that of a dollar in the year 2000. Below is Minitab output for a regression line using the stock values as the explanatory variable. Regression Analysis: Bonds versus Stocks The regression equation is Bonds = 53.4 - 0.196 Stocks Predictor Coef SE Coef T P Constant 53.41 22.99 2.32 0.036 Stocks -0.1962 0.1550 -1.27 0.226 S= 59.8813 R-Sq = 10.3% R-Sq(adj) = 3.9% (a) What is the conclusion from a test of the slope of the regression line at the 0.05 significance level? Recall that the hypotheses…
4. A liability insurance policy has a deductible of $100,000, a policy limit of$20,000,000 and co-insurance such that the policyholder pays 20% of theremaining claim. How much does the insurer pay if the loss is: (i) $50,000(ii) $362,000(iii) $20,065,000(iv) $31,400,000
5. Martina's employer offers anannual pension benefit calculated by multiplying 2.35% of the career average salary times the number of years employed. Here are Martina's annual salaries over the last 24 years of employment. 28,800 29,300 30,250 31,000 35,500 42,000 45,000 50,000 28,800 29,900 30,350 35,000 35,700 43,000 48,000 52,000 29,210 29,900 30,450 35,000 38,000 43,900 48,800 52,000 a. What is Martina's career average salary? b. What is Martina's annual pension under this plan? c. What percentage of her final annual salary will her annual retirement salary be to the nearest percent? d. What is Martina's monthly pension benefit to the nearest penny?
I. Annual cost of company 'X' from 2015-2019 as follows: Annual cost (£000) 8.2 Year 2015 2016 2017 2018 8.5 8.4 8.8 8.7 2019 a) Using 2016 as the base year (=100), find the index numbers for cost of the company 'X' over the whole period. Show step-by-step calculations. b) If the index is 108.92 for year 2018, calculate the cost of the base year. c) If the index is 93.75 for year 2019, calculate the cost of the base year. d) Using appropriate examples, explain the importance of Consumer Price Index (CPI). (
2. a. Arrange the following “orders of operation” in the correct orderb. Describe the order of operation of the PMT function andc. Calculate a payment using the following data: Principal = $15,000; Annual % Rate = 6%; Number of periods = 12 and the Term = 5.a. Addition and Subtraction, Exponents, Parentheses, and Multiplicationb. PMT = (P*APR/n)/(1-(1+APR/n)-nt)c. PMT =
If the expected return on the market is 8% and the risk free rate is 4% and the expected return is 12%, what is the market risk premium ?
Table 1 displays data for money aggregates released by the Central Bank, Country A for the years 2019 - 2021. TABLE 1 2020 (Jan) $ Million 2021 (Jan) 2019 (Jan) $ Million Items $ Million Repurchase agreements Currency in circulation Demand deposits Fixed deposits with commercial banks, Islamic banks and central bank 50.8 105,091.5 344,140.6 0.0 53.5 101,254.1 326.976.9 1,130,449.7 123,007.5 412,203.8 1,158,924.1 1,120,366.7 Foreign currency deposits with commercial banks, Islamic banks and central bank Deposits placed with other banking institutions 145,887.1 155,502.5 159,817.5 9,698.1 10,556.70 2,558.7 Saving deposits with commercial banks Negotiable instruments of deposits 162,067.8 172,797.0 218,820.0 12,375.3 14,366.6 8,824.5 a) Based on the data in Table 1, answer the following questions: i) What is the value of quasi money in 2020? ii) Calculate the values of M2 for 2021
8. Calculate your pay after tax if your Gross pay is $75000 per year. The latest Federal tax bracket is as under: Federal tax rates for 2023 • 15% on the portion of taxable income that is $53,359 or less, plus • 20.5% on the portion of taxable income over $53,359 up to $106,717, plus • 26% on the portion of taxable income over $106,717 up to $165,430, plus • 29% on the portion of taxable income over $165,430 up to $235,675, plus • 33% on the portion of taxable income over $235,675
If my bus is 3.5 years old, what are the projected annual maintenance costs? (Enter a whole number) Age of Bus(years)Annual Maintenance Cost($)2.4 3502.3 3702.4 4803.1 5203 5905.8 5504.8 7503.8 8003.6 7904.9 9505.5 915

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