Mathematics All Around (6th Edition)
6th Edition
ISBN: 9780134506470
Author: Pirnot
Publisher: PEARSON
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Chapter 1.1, Problem 41E
To determine
To state:
Adding two numbers
The given statement, true or false.
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An insurance company's cumulative incurred claims for the last 5 accident years are given
in the following table:
Development Year
Accident Year 0
2018
1 2 3 4
245 267 274 289 292
2019
255 276 288 294
2020
265 283 292
2021
263 278
2022
271
It can be assumed that claims are fully run off after 4 years. The premiums received for
each year are:
Accident Year Premium
2018
306
2019
312
2020
318
2021
326
2022
330
You do not need to make any allowance for inflation.
1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method.
(b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method.
2. Comment on the differences in the reserves produced by the methods in Part 1.
A population that is uniformly distributed between a=0and b=10 is given in sample sizes
50( ),
100( ),
250( ),
and
500( ).
Find the sample mean and the sample standard deviations for the given data. Compare your results to the average of means for a sample of size 10, and use the empirical rules to analyze the sampling error. For each sample, also find the standard error of the mean using formula given below.
Standard Error of the
Mean =sigma/Root
Complete the following table with the results from the sampling experiment.
(Round to four decimal places as needed.)
Sample Size
Average of 8 Sample Means
Standard Deviation of 8 Sample Means
Standard Error
50
100
250
500
Chapter 1 Solutions
Mathematics All Around (6th Edition)
Ch. 1.1 - In Exercise 1-4, draw a picture to illustrate each...Ch. 1.1 - In Exercises 1-4, draw a picture to illustrate...Ch. 1.1 - In Exercise 1-4, draw a picture to illustrate each...Ch. 1.1 - In Exercises 1-4, draw a picture to illustrate...Ch. 1.1 - Prob. 5ECh. 1.1 - Prob. 6ECh. 1.1 - Prob. 7ECh. 1.1 - Prob. 8ECh. 1.1 - Prob. 9ECh. 1.1 - Prob. 10E
Ch. 1.1 - Prob. 11ECh. 1.1 - Prob. 12ECh. 1.1 - List all pairs of artists to host the grammy...Ch. 1.1 - Prob. 14ECh. 1.1 - Prob. 15ECh. 1.1 - Prob. 16ECh. 1.1 - Prob. 17ECh. 1.1 - Prob. 18ECh. 1.1 - Prob. 19ECh. 1.1 - Prob. 20ECh. 1.1 - Prob. 21ECh. 1.1 - Prob. 22ECh. 1.1 - Prob. 23ECh. 1.1 - Prob. 24ECh. 1.1 - Prob. 25ECh. 1.1 - Prob. 26ECh. 1.1 - Prob. 27ECh. 1.1 - Prob. 28ECh. 1.1 - Prob. 29ECh. 1.1 - Prob. 30ECh. 1.1 - Prob. 31ECh. 1.1 - Prob. 32ECh. 1.1 - Prob. 33ECh. 1.1 - Prob. 34ECh. 1.1 - Prob. 35ECh. 1.1 - Prob. 36ECh. 1.1 - Prob. 37ECh. 1.1 - Prob. 38ECh. 1.1 - Prob. 39ECh. 1.1 - Prob. 40ECh. 1.1 - Prob. 41ECh. 1.1 - Prob. 42ECh. 1.1 - Prob. 43ECh. 1.1 - Prob. 44ECh. 1.1 - Prob. 45ECh. 1.1 - Prob. 46ECh. 1.1 - Prob. 47ECh. 1.1 - Prob. 48ECh. 1.1 - Prob. 49ECh. 1.1 - Prob. 50ECh. 1.1 - Prob. 51ECh. 1.1 - Prob. 52ECh. 1.1 - In Exercise 53-62, do not try to solve each...Ch. 1.1 - To celebrate the 40th anniversary of the...Ch. 1.1 - In a recent national Football League season, Tom...Ch. 1.1 - In a recent home run derby competition, Joc...Ch. 1.1 - Heather has divided 8,000 between two investments...Ch. 1.1 - Prob. 58ECh. 1.1 - Prob. 59ECh. 1.1 - Prob. 60ECh. 1.1 - Prob. 61ECh. 1.1 - Prob. 62ECh. 1.1 - Prob. 63ECh. 1.1 - Prob. 64ECh. 1.1 - Prob. 65ECh. 1.1 - In Exercises 65-68, assume that Menaka has...Ch. 1.1 - Prob. 67ECh. 1.1 - Prob. 68ECh. 1.1 - Carmelo has been commissioned to create a...Ch. 1.1 - If the colored tiles in the figure in Exercise 69...Ch. 1.1 - Prob. 71ECh. 1.1 - Prob. 72ECh. 1.1 - Prob. 73ECh. 1.1 - Prob. 74ECh. 1.1 - Prob. 75ECh. 1.1 - Prob. 76ECh. 1.1 - Prob. 77ECh. 1.1 - Prob. 78ECh. 1.1 - Continue the following sequence of pairs of...Ch. 1.1 - Continue the following sequence of pairs of...Ch. 1.1 - Prob. 81ECh. 1.1 - Prob. 82ECh. 1.1 - Prob. 83ECh. 1.1 - Prob. 84ECh. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. Is each of the following...Ch. 1.2 - Sharpening Your Skills. In Exercises 11 16, use...Ch. 1.2 - Sharpening Your Skills. In Exercises 11 16, use...Ch. 1.2 - Sharpening Your Skills. In Exercises 11 16, use...Ch. 1.2 - Sharpening Your Skills. In Exercises 11 16, use...Ch. 1.2 - Sharpening Your Skills. In Exercises 11 16, use...Ch. 1.2 - Sharpening Your Skills. In Exercises 11 16, use...Ch. 1.2 - Sharpening Your Skills. In Exercises 17 and 18,...Ch. 1.2 - Sharpening Your Skills. In Exercises 17 and 18,...Ch. 1.2 - Sharpening Your Skills. In Exercises 19 and 20,...Ch. 1.2 - Sharpening Your Skills. In Exercises 19 and 20,...Ch. 1.2 - Sharpening Your Skills. In Exercises 21 and 22,...Ch. 1.2 - Prob. 22ECh. 1.2 - Sharpening Your Skills. Illustrate Goldbachs...Ch. 1.2 - Sharpening Your Skills. Illustrate Goldbachs...Ch. 1.2 - Sharpening Your Skills. Illustrate Goldbachs...Ch. 1.2 - Sharpening Your Skills. Illustrate Goldbachs...Ch. 1.2 - Applying What Youve Learned. In each of the next...Ch. 1.2 - Applying What Youve Learned. In each of the next...Ch. 1.2 - Applying What Youve Learned. In each of the next...Ch. 1.2 - Applying What Youve Learned. In each of the next...Ch. 1.2 - Applying What Youve Learned. In preparation for...Ch. 1.2 - Applying What Youve Learned. 32. If a stack of...Ch. 1.2 - Applying What Youve Learned. A magic square is a...Ch. 1.2 - Applying What Youve Learned. A magic square is a...Ch. 1.2 - Prob. 35ECh. 1.2 - Applying What Youve Learned. Solve the following...Ch. 1.2 - Applying What Youve Learned. Is it possible to...Ch. 1.2 - Applying What Youve Learned. Is it possible to...Ch. 1.2 - Applying What Youve Learned. Four students,...Ch. 1.2 - Applying What Youve Learned. Jessica, Serena,...Ch. 1.2 - Applying What Youve Learned. Exercises 41 to 44...Ch. 1.2 - Prob. 42ECh. 1.2 - Applying What Youve Learned. Exercises 41 to 44...Ch. 1.2 - Prob. 44ECh. 1.2 - Applying What Youve Learned. Explain why the...Ch. 1.2 - Applying What Youve Learned. Show that the...Ch. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Communicating Mathematics What is the role of...Ch. 1.2 - Prob. 50ECh. 1.2 - Prob. 51ECh. 1.2 - Communicating Mathematics Find an example from the...Ch. 1.2 - Challenge yourself In Exercises 55 58, find the...Ch. 1.2 - Prob. 56ECh. 1.2 - Challenge yourself In Exercises 55 58, find the...Ch. 1.2 - Prob. 58ECh. 1.2 - Prob. 59ECh. 1.2 - Prob. 60ECh. 1.2 - Challenge yourself a Repeat Exercise 59 , but now...Ch. 1.2 - Challenge yourself Can you find some general...Ch. 1.2 - Challenge yourself Stacking baseballs. If a stack...Ch. 1.2 - Challenge yourself Stacking baseballs. Redo...Ch. 1.2 - Challenge yourself Make up a 33 magic square of...Ch. 1.2 - Challenge yourself Make up a 44 magic square of...Ch. 1.2 - Challenge yourself In Exercises 67 and 68, follow...Ch. 1.2 - Prob. 68ECh. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Prob. 10ECh. 1.3 - Estimate the answers to the following problems....Ch. 1.3 - Prob. 12ECh. 1.3 - Estimate each of the following answers. Explain...Ch. 1.3 - Estimate each of the following answers. Explain...Ch. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - Estimate each of the following answers. Explain...Ch. 1.3 - Prob. 18ECh. 1.3 - Estimate each of the following answers. Explain...Ch. 1.3 - Prob. 20ECh. 1.3 - Prob. 21ECh. 1.3 - Prob. 22ECh. 1.3 - Prob. 23ECh. 1.3 - Prob. 24ECh. 1.3 - Prob. 25ECh. 1.3 - Estimate each of the following answers. Explain...Ch. 1.3 - Prob. 27ECh. 1.3 - Prob. 28ECh. 1.3 - Prob. 29ECh. 1.3 - Prob. 30ECh. 1.3 - Prob. 31ECh. 1.3 - Prob. 32ECh. 1.3 - Prob. 33ECh. 1.3 - Prob. 34ECh. 1.3 - Prob. 35ECh. 1.3 - Prob. 36ECh. 1.3 - Prob. 37ECh. 1.3 - Prob. 38ECh. 1.3 - Prob. 39ECh. 1.3 - Prob. 40ECh. 1.3 - The following pie chart shows revenues of the...Ch. 1.3 - Prob. 42ECh. 1.3 - The following pie chart shows revenues of the...Ch. 1.3 - Prob. 44ECh. 1.3 - The following pie chart shows a distribution of...Ch. 1.3 - Prob. 46ECh. 1.3 - The following pie chart shows a distribution of...Ch. 1.3 - Prob. 48ECh. 1.3 - Use the given map to estimate the distances in...Ch. 1.3 - Use the given map to estimate the distances in...Ch. 1.3 - Consider the following issues with regard to...Ch. 1.3 - Ask an acquaintance who runs a household what he...Ch. 1.3 - Do online research about crowd estimation for...Ch. 1.3 - Research the topic Estimating the Crowd...Ch. 1.3 - Buying fertilizer The Martinezes yard is 96 feet...Ch. 1.3 - Purchasing paint Heidi and Spencer are painting...Ch. 1.3 - Estimating Earths circumference Use a map of Egypt...Ch. 1.3 - Assume that the state funding in millions of...Ch. 1.3 - Use the method of Example 7 to estimate the areas...Ch. 1.3 - Use the method of Example 7 to estimate the areas...Ch. 1.CR - List the four steps in Polyas problem-solving...Ch. 1.CR - What is a counterexample?Ch. 1.CR - Dr. Houses Fellowship applicants, Remy, Lawrence,...Ch. 1.CR - At a T.G.I. Fridays, you have 8 appetizers, 20...Ch. 1.CR - Picaboo worked 20 hours last week. Part of the...Ch. 1.CR - Is the following statement true or false?...Ch. 1.CR - Explain the Three-Way Principle.Ch. 1.CR - Explain the difference between inductive and...Ch. 1.CR - Prob. 9CRCh. 1.CR - Use inductive reasoning to predict the next term...Ch. 1.CR - Use inductive reasoning to draw the next figure in...Ch. 1.CR - Illustrate Goldbachs conjecture for the number 48.Ch. 1.CR - Follow the instructions for this trick starting...Ch. 1.CR - Prob. 14CRCh. 1.CR - Use compatible numbers to estimate the answers to...Ch. 1.CR - Juana is averaging 52.4 miles per hour on her trip...Ch. 1.CR - The graph displays the amount of caffeine in...Ch. 1.CT - List three problem-solving techniques that we...Ch. 1.CT - Identity which of the following statements is...Ch. 1.CT - Solve the following problem by making a series of...Ch. 1.CT - According to USA Today, NASA is tracking 12,000...Ch. 1.CT - Round 36,478 a to the nearest thousand and b to...Ch. 1.CT - What is the Splitting-Hairs principle?Ch. 1.CT - Explain the difference between inductive and...Ch. 1.CT - State the Three-Way principle.Ch. 1.CT - Assume that you are sharing an apartment with two...Ch. 1.CT - What is the next likely term in the following...Ch. 1.CT - Prob. 12CTCh. 1.CT - What is the likely next figure in the following...Ch. 1.CT - Illustrate Goldbachs conjecture for 60.Ch. 1.CT - Determine the following statement is true or...Ch. 1.CT - Follow the instructions for the following trick by...
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