Mathematical Applications for the Management, Life, and Social Sciences
Mathematical Applications for the Management, Life, and Social Sciences
11th Edition
ISBN: 9781305108042
Author: Ronald J. Harshbarger, James J. Reynolds
Publisher: Cengage Learning
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Chapter 11.2, Problem 1CP

If y = 2 e 4 x , find y’.

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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.
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 11 Solutions

Mathematical Applications for the Management, Life, and Social Sciences

Ch. 11.1 - Find the derivatives of the functions in Problems...Ch. 11.1 - Find the derivatives of the functions in Problems...Ch. 11.1 - Find the derivatives of the functions in Problems...Ch. 11.1 - Find the derivatives of the functions in Problems...Ch. 11.1 - 11. Find . Ch. 11.1 - Prob. 12ECh. 11.1 - In each of Problems 13-18, find the derivative of...Ch. 11.1 - In each of Problems 13-18, find the derivative of...Ch. 11.1 - In each of Problems 13-18, find the derivative of...Ch. 11.1 - In each of Problems 13-18, find the derivative of...Ch. 11.1 - In each of Problems 13-18, find the derivative of...Ch. 11.1 - In each of Problems 13-18, find the derivative of...Ch. 11.1 - 19. Find . Ch. 11.1 - Prob. 20ECh. 11.1 - Prob. 21ECh. 11.1 - Prob. 22ECh. 11.1 - Prob. 23ECh. 11.1 - 24. Find Ch. 11.1 - In Problems 25-38, find y'. Ch. 11.1 - In Problems 25-38, find y'. 26. Ch. 11.1 - In Problems 25-38, find y'. 27. Ch. 11.1 - Prob. 28ECh. 11.1 - In Problems 25-38, find y'. 29. Ch. 11.1 - Prob. 30ECh. 11.1 - In Problems 25-38, find y'. 31. Ch. 11.1 - Prob. 32ECh. 11.1 - In Problems 25-38, find y'. 33. Ch. 11.1 - Prob. 34ECh. 11.1 - Prob. 35ECh. 11.1 - Prob. 36ECh. 11.1 - Prob. 37ECh. 11.1 - Prob. 38ECh. 11.1 - Prob. 39ECh. 11.1 - Prob. 40ECh. 11.1 - Prob. 41ECh. 11.1 - Prob. 42ECh. 11.1 - 43. Marginal cost Suppose that the total cost (in...Ch. 11.1 - 44. Investment If money is invested at the...Ch. 11.1 - 45. Marginal revenue The total revenue, in...Ch. 11.1 - 46. Supply Suppose that the supply of x units of a...Ch. 11.1 - 47. Demand The demand function for a product is...Ch. 11.1 - Prob. 48ECh. 11.1 - Prob. 49ECh. 11.1 - Prob. 50ECh. 11.1 - Prob. 51ECh. 11.1 - 52. Women in the workforce From 1950 and projected...Ch. 11.2 - 1. If , find y’. Ch. 11.2 - 2. If , find y’. Ch. 11.2 - Prob. 3CPCh. 11.2 - 4. If the sales of a product are given by , where...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Prob. 3ECh. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Prob. 9ECh. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Prob. 13ECh. 11.2 - Prob. 14ECh. 11.2 - Prob. 15ECh. 11.2 - Prob. 16ECh. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Prob. 18ECh. 11.2 - Prob. 19ECh. 11.2 - Prob. 20ECh. 11.2 - Prob. 21ECh. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Prob. 27ECh. 11.2 - Prob. 28ECh. 11.2 - Find the derivatives of the functions in Problems...Ch. 11.2 - Prob. 30ECh. 11.2 - Prob. 31ECh. 11.2 - Prob. 32ECh. 11.2 - Prob. 33ECh. 11.2 - Prob. 34ECh. 11.2 - Prob. 35ECh. 11.2 - Prob. 36ECh. 11.2 - Prob. 37ECh. 11.2 - Prob. 38ECh. 11.2 - In Problems 39-42, find any relative maxima and...Ch. 11.2 - Prob. 40ECh. 11.2 - Prob. 41ECh. 11.2 - Prob. 42ECh. 11.2 - 43. Future value If $P is invested for n years at...Ch. 11.2 - 44. Future value The future value that accrues...Ch. 11.2 - 45. Sales decay After the end of an advertising...Ch. 11.2 - Prob. 46ECh. 11.2 - 47. Marginal cost Suppose that the total cost in...Ch. 11.2 - 48. Marginal revenue Suppose that the revenue in...Ch. 11.2 - 49. Drugs in a bloodstream The percent...Ch. 11.2 - 50. Radioactive decay The amount of the...Ch. 11.2 - 51. Pollution Pollution levels in Lake Sagamore...Ch. 11.2 - Prob. 52ECh. 11.2 - Prob. 55ECh. 11.2 - Prob. 56ECh. 11.2 - 58. Blood pressure Medical research has shown...Ch. 11.2 - Prob. 59ECh. 11.2 - Prob. 60ECh. 11.2 - Prob. 61ECh. 11.2 - 62. Carbon dioxide emissions Using U.S. Department...Ch. 11.2 - Prob. 66ECh. 11.3 - Find the following: (b) (c) Ch. 11.3 - Prob. 2CPCh. 11.3 - In Problems 1-6, find dy/dx at the given point...Ch. 11.3 - In Problems 1-6, find at the given point without...Ch. 11.3 - In Problems 1-6, find dy/dx at the given point...Ch. 11.3 - In Problems 1-6, find at the given point without...Ch. 11.3 - In Problems 1-6, find at the given point without...Ch. 11.3 - In Problems 1-6, find at the given point without...Ch. 11.3 - Find dy/dx for the functions in Problems 7-10. 7....Ch. 11.3 - Find for the functions in Problems 7-10. 8. Ch. 11.3 - Find for the functions in Problems 7-10. 9. Ch. 11.3 - Find for the functions in Problems 7-10. 10. Ch. 11.3 - 11. Ch. 11.3 - 12. Ch. 11.3 - 13. Ch. 11.3 - Prob. 14ECh. 11.3 - Prob. 15ECh. 11.3 - 16. Ch. 11.3 - 17. Ch. 11.3 - 18. If find . Ch. 11.3 - 19. Ch. 11.3 - Prob. 20ECh. 11.3 - Prob. 21ECh. 11.3 - Prob. 22ECh. 11.3 - Prob. 23ECh. 11.3 - Prob. 24ECh. 11.3 - Prob. 25ECh. 11.3 - Prob. 26ECh. 11.3 - Prob. 27ECh. 11.3 - Prob. 28ECh. 11.3 - Prob. 29ECh. 11.3 - Prob. 30ECh. 11.3 - Prob. 31ECh. 11.3 - Prob. 32ECh. 11.3 - Prob. 33ECh. 11.3 - 34. If ln find . Ch. 11.3 - Prob. 35ECh. 11.3 - Prob. 36ECh. 11.3 - 35. Ch. 11.3 - Prob. 38ECh. 11.3 - 37. Ch. 11.3 - Prob. 40ECh. 11.3 - Prob. 41ECh. 11.3 - Prob. 42ECh. 11.3 - Prob. 43ECh. 11.3 - Prob. 44ECh. 11.3 - Prob. 45ECh. 11.3 - Prob. 46ECh. 11.3 - Prob. 47ECh. 11.3 - Prob. 48ECh. 11.3 - Prob. 49ECh. 11.3 - Prob. 50ECh. 11.3 - Prob. 51ECh. 11.3 - Prob. 52ECh. 11.3 - Prob. 53ECh. 11.3 - Prob. 54ECh. 11.3 - 55. Advertising and sales Suppose that a company’s...Ch. 11.3 - Prob. 56ECh. 11.3 - 57. Production Suppose that a company can produce...Ch. 11.3 - Prob. 58ECh. 11.3 - 59. Demand If the demand function for q units of a...Ch. 11.3 - Prob. 60ECh. 11.3 - Prob. 61ECh. 11.3 - Prob. 62ECh. 11.3 - Prob. 63ECh. 11.4 - 1. If V represents volume, write a mathematical...Ch. 11.4 - Prob. 2CPCh. 11.4 - 3. True or false: In solving a related-rates...Ch. 11.4 - Prob. 1ECh. 11.4 - In Problems 1-4, find using the given values. 2....Ch. 11.4 - Prob. 3ECh. 11.4 - Prob. 4ECh. 11.4 - Prob. 5ECh. 11.4 - Prob. 6ECh. 11.4 - Prob. 7ECh. 11.4 - Prob. 8ECh. 11.4 - Prob. 9ECh. 11.4 - Prob. 10ECh. 11.4 - Prob. 11ECh. 11.4 - Prob. 12ECh. 11.4 - 13. The radius of a circle is increasing at a rate...Ch. 11.4 - Prob. 14ECh. 11.4 - Prob. 15ECh. 11.4 - Prob. 16ECh. 11.4 - 17. Profit Suppose that the daily profit (in...Ch. 11.4 - 18. Profit Suppose that the monthly revenue and...Ch. 11.4 - Prob. 19ECh. 11.4 - Supply The supply function for a product is given...Ch. 11.4 - Prob. 21ECh. 11.4 - Prob. 22ECh. 11.4 - Tumor growth For Problems 23 and 24, suppose that...Ch. 11.4 - Tumor growth For Problems 23 and 24, suppose that...Ch. 11.4 - 25. Allomelric relationships—fish For many species...Ch. 11.4 - Prob. 26ECh. 11.4 - Prob. 27ECh. 11.4 - Prob. 28ECh. 11.4 - Prob. 29ECh. 11.4 - 30. Water purification Assume that water is being...Ch. 11.4 - Prob. 31ECh. 11.4 - 32. Boat docking Suppose that a boat is being...Ch. 11.4 - 33. Ladder safety A 30-ft ladder is leaning...Ch. 11.4 - 34. Flight A kite is 30 ft high and is moving...Ch. 11.4 - 35. Flight A plane is flying at a constant...Ch. 11.4 - 36. Distance Two boats leave the same port at the...Ch. 11.4 - 37. Distance Two cars are approaching an...Ch. 11.4 - 38. Water depth Water is flowing into a barrel in...Ch. 11.4 - Prob. 39ECh. 11.5 - 1. Write the formula for point elasticity, . Ch. 11.5 - 2. (a) If , the demand is called _______. (b) If...Ch. 11.5 - Prob. 3CPCh. 11.5 - Prob. 4CPCh. 11.5 - Prob. 1ECh. 11.5 - Prob. 2ECh. 11.5 - In Problems 1 -8, p is in dollars and q is the...Ch. 11.5 - In Problems 1 -8, p is in dollars and q is the...Ch. 11.5 - In Problems 1 -8, p is in dollars and q is the...Ch. 11.5 - In Problems 1 -8, p is in dollars and q is the...Ch. 11.5 - Prob. 7ECh. 11.5 - In Problems 1 -8, p is in dollars and q is the...Ch. 11.5 - 9. Suppose the demand function for a product is...Ch. 11.5 - 10. Suppose the weekly demand function for a...Ch. 11.5 - In Problems 11 and 12, the demand functions for...Ch. 11.5 - In Problems 11 and 12, the demand functions for...Ch. 11.5 - Prob. 15ECh. 11.5 - Prob. 16ECh. 11.5 - Prob. 17ECh. 11.5 - Prob. 18ECh. 11.5 - In Problems 15-24, p is the price per unit in...Ch. 11.5 - In Problems 15-24, p is the price per unit in...Ch. 11.5 - In Problems 15-24, p is the price per unit in...Ch. 11.5 - Prob. 22ECh. 11.5 - In Problems 15-24, p is the price per unit in...Ch. 11.5 - Prob. 24ECh. 11 - In Problems 1-12, find the derivative of each...Ch. 11 - Prob. 2RECh. 11 - Prob. 3RECh. 11 - In Problems 1-12, find the derivative of each...Ch. 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. 16RECh. 11 - Prob. 17RECh. 11 - Prob. 18RECh. 11 - In Problems 15-20, find the indicated...Ch. 11 - Prob. 20RECh. 11 - Prob. 21RECh. 11 - Prob. 22RECh. 11 - Prob. 23RECh. 11 - Prob. 24RECh. 11 - Prob. 25RECh. 11 - Prob. 26RECh. 11 - Prob. 27RECh. 11 - Prob. 28RECh. 11 - 29. Radioactive decay A breeder reactor converts...Ch. 11 - Prob. 30RECh. 11 - Prob. 31RECh. 11 - Prob. 32RECh. 11 - Prob. 33RECh. 11 - Prob. 34RECh. 11 - Prob. 38RECh. 11 - Prob. 39RECh. 11 - 37. Elasticity Suppose the weekly demand function...Ch. 11 - Prob. 41RECh. 11 - Prob. 35RECh. 11 - Prob. 36RECh. 11 - Prob. 37RECh. 11 - In Problems 1-8, find the derivative of each...Ch. 11 - Prob. 2TCh. 11 - Prob. 3TCh. 11 - Prob. 4TCh. 11 - Prob. 5TCh. 11 - In Problems 1-8, find the derivative of each...Ch. 11 - In Problems 1-8, find the derivative of each...Ch. 11 - In Problems 1-8, find the derivative of each...Ch. 11 - Prob. 9TCh. 11 - Prob. 10TCh. 11 - Prob. 11TCh. 11 - 12. Suppose the weekly revenue and weekly cost...Ch. 11 - Prob. 13TCh. 11 - Prob. 14TCh. 11 - Prob. 15TCh. 11 - Prob. 16TCh. 11 - Prob. 17TCh. 11 - Prob. 19T

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