Elementary Statistics
3rd Edition
ISBN: 9781260373561
Author: Navidi, William
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 11, Problem 7CQ
To determine
To find:
The degrees of freedom are there for the test statistic.
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In a survey of a group of men, the heights in the 20-29 age group were normally distributed, with a mean of 69.6 inches
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PEER REPLY 1:
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Questions
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.
Chapter 11 Solutions
Elementary Statistics
Ch. 11.1 - In Exercises 3 and 4, fill in each blank with the...Ch. 11.1 - Prob. 4ECh. 11.1 - Prob. 5ECh. 11.1 - Prob. 6ECh. 11.1 - A test was made of H0:1=2 versus H1:12. The sample...Ch. 11.1 - A test was made of H0:1=2 versus H1:12. The sample...Ch. 11.1 - More time on the Internet: The General Social...Ch. 11.1 - Low-fat or low-carb? Are low-fat diets or low-carb...Ch. 11.1 - Are you smarter than your older brother? In a...Ch. 11.1 - Recovering from surgery: A new postsurgical...
Ch. 11.1 - Contaminated water: The concentration of benzene...Ch. 11.1 - Exercise: Medical researchers conducted a study to...Ch. 11.1 - Mummys curse: King Tut was an ancient Egyptian...Ch. 11.1 - Baby weights: Following are weights in pounds for...Ch. 11.1 - Empathy: The Interpersonal Reactivity Index is a...Ch. 11.1 - Prob. 18ECh. 11.1 - Prob. 19ECh. 11.1 - Prob. 20ECh. 11.1 - Interpret calculator display: The following TI-84...Ch. 11.1 - Prob. 22ECh. 11.1 - Prob. 23ECh. 11.1 - Prob. 24ECh. 11.1 - Prob. 25ECh. 11.2 - In Exercises 3 and 4, fill in each blank with the...Ch. 11.2 - Prob. 4ECh. 11.2 - Prob. 5ECh. 11.2 - Prob. 6ECh. 11.2 - In a test for the difference between two...Ch. 11.2 - In a test for the difference between two...Ch. 11.2 - Childhood obesity: The National Health and...Ch. 11.2 - Pollution and altitude: In a random sample of 340...Ch. 11.2 - Preventing heart attacks: Medical researchers...Ch. 11.2 - Cholesterol: An article in the Archives of...Ch. 11.2 - Treating circulatory disease: Angioplasty is a...Ch. 11.2 - Hurricane damage: In August and September 2005,...Ch. 11.2 - Prob. 15ECh. 11.2 - Prob. 16ECh. 11.2 - Prob. 17ECh. 11.2 - Interpret calculator display: The following TI-84...Ch. 11.2 - Prob. 19ECh. 11.2 - Prob. 20ECh. 11.2 - Prob. 21ECh. 11.3 - In Exercises 3 and 4, fill in each blank with the...Ch. 11.3 - In Exercises 3 and 4, fill in each blank with the...Ch. 11.3 - Prob. 5ECh. 11.3 - Prob. 6ECh. 11.3 - Prob. 7ECh. 11.3 - Prob. 8ECh. 11.3 - Crossover trial: A crossover trial is a type of...Ch. 11.3 - Comparing scales: In an experiment to determine...Ch. 11.3 - Strength of concrete: The compressive strength. in...Ch. 11.3 - Truck pollution: In an experiment to determine the...Ch. 11.3 - Growth spurt: It is generally known that boys grow...Ch. 11.3 - Prob. 14ECh. 11.3 - Prob. 15ECh. 11.3 - Interpret calculator display: The following TI-84...Ch. 11.3 - Interpret computer output: The following MINITAB...Ch. 11.3 - Prob. 18ECh. 11.3 - Prob. 19ECh. 11.4 - In Exercises 5 and 6, fill in each blank with the...Ch. 11.4 - Prob. 6ECh. 11.4 - Prob. 7ECh. 11.4 - Prob. 8ECh. 11.4 - Find the critical value f0.05 for F7,20.Ch. 11.4 - Prob. 10ECh. 11.4 - An F-test with 12 degrees of freedom in the...Ch. 11.4 - Prob. 12ECh. 11.4 - Sugar content: A broth used to manufacture a...Ch. 11.4 - Hockey sticks: The breaking strength of hockey...Ch. 11.4 - Prob. 15ECh. 11.4 - Are you smarter than your older brother? In a...Ch. 11.4 - Prob. 17ECh. 11.5 - In Exercises 3 and 4, fill in each blank with the...Ch. 11.5 - Prob. 4ECh. 11.5 - Prob. 5ECh. 11.5 - Prob. 6ECh. 11.5 - Prob. 7ECh. 11.5 - Prob. 8ECh. 11.5 - Prob. 9ECh. 11.5 - Prob. 10ECh. 11.5 - Prob. 11ECh. 11.5 - Prob. 12ECh. 11.5 - Prob. 13ECh. 11 - Prob. 1CQCh. 11 - Prob. 2CQCh. 11 - Prob. 3CQCh. 11 - Prob. 4CQCh. 11 - Prob. 5CQCh. 11 - Prob. 6CQCh. 11 - Prob. 7CQCh. 11 - Prob. 8CQCh. 11 - Prob. 9CQCh. 11 - Prob. 10CQCh. 11 - Prob. 11CQCh. 11 - Prob. 12CQCh. 11 - Prob. 13CQCh. 11 - Refer to Exercise 12. Can you reject H0 at the...Ch. 11 - Prob. 15CQCh. 11 - Prob. 1RECh. 11 - Prob. 2RECh. 11 - Prob. 3RECh. 11 - Prob. 4RECh. 11 - Prob. 5RECh. 11 - Prob. 6RECh. 11 - Prob. 7RECh. 11 - Prob. 8RECh. 11 - Prob. 9RECh. 11 - Prob. 10RECh. 11 - Prob. 11RECh. 11 - Prob. 12RECh. 11 - Prob. 13RECh. 11 - Prob. 14RECh. 11 - Prob. 15RECh. 11 - Prob. 1WAICh. 11 - Prob. 2WAICh. 11 - Describe the differences between performing a...Ch. 11 - Prob. 4WAICh. 11 - Prob. 5WAICh. 11 - Prob. 1CSCh. 11 - Prob. 2CSCh. 11 - Prob. 3CSCh. 11 - Prob. 4CS
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