Mathematics for the Trades: A Guided Approach (11th Edition) (What's New in Trade Math)
Mathematics for the Trades: A Guided Approach (11th Edition) (What's New in Trade Math)
11th Edition
ISBN: 9780134756967
Author: Hal Saunders, Robert Carman
Publisher: PEARSON
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Chapter 11.2, Problem 9BE
To determine

To solve: The equation 0.4x2+0.6x0.8=0.

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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

Mathematics for the Trades: A Guided Approach (11th Edition) (What's New in Trade Math)

Ch. 11.1 - Prob. 1BECh. 11.1 - Solve each of the following systems of equations....Ch. 11.1 - Prob. 3BECh. 11.1 - Prob. 4BECh. 11.1 - Prob. 5BECh. 11.1 - Solve each of the following systems of equations....Ch. 11.1 - Prob. 7BECh. 11.1 - Prob. 8BECh. 11.1 - Solve each of the following systems of equations....Ch. 11.1 - Prob. 10BECh. 11.1 - Prob. 11BECh. 11.1 - Prob. 12BECh. 11.1 - Prob. 1CECh. 11.1 - Prob. 2CECh. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - Prob. 5CECh. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - Prob. 9CECh. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.1 - Prob. 14CECh. 11.1 - C. Word Problems Translate each problem statement...Ch. 11.2 - True or false: 52 = ( 5)2Ch. 11.2 - Prob. 2LCCh. 11.2 - Which of the following are quadratic equations? 5x...Ch. 11.2 - Which of the following are quadratic equations? 2x...Ch. 11.2 - Which of the following are quadratic equations?...Ch. 11.2 - Prob. 4AECh. 11.2 - Prob. 5AECh. 11.2 - Prob. 6AECh. 11.2 - Prob. 7AECh. 11.2 - Prob. 8AECh. 11.2 - Prob. 9AECh. 11.2 - Prob. 10AECh. 11.2 - Prob. 1BECh. 11.2 - Solve each of these quadratic equations. (Round to...Ch. 11.2 - Solve each of these quadratic equations. (Round to...Ch. 11.2 - Solve each of these quadratic equations. (Round to...Ch. 11.2 - Prob. 5BECh. 11.2 - Prob. 6BECh. 11.2 - Prob. 7BECh. 11.2 - B. Solve each of these quadratic equations. (Round...Ch. 11.2 - Prob. 9BECh. 11.2 - Solve each of these quadratic equations. (Round to...Ch. 11.2 - Solve each of these quadratic equations. (Round to...Ch. 11.2 - B. Solve each of these quadratic equations. (Round...Ch. 11.2 - B. Solve each of these quadratic equations. (Round...Ch. 11.2 - B. Solve each of these quadratic equations. (Round...Ch. 11.2 - Prob. 15BECh. 11.2 - B. Solve each of these quadratic equations. (Round...Ch. 11.2 - Prob. 17BECh. 11.2 - Prob. 18BECh. 11.2 - Prob. 19BECh. 11.2 - B. Solve each of these quadratic equations. (Round...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - Prob. 3CECh. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - Prob. 5CECh. 11.2 - Prob. 6CECh. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - Prob. 11CECh. 11.2 - Prob. 12CECh. 11.2 - Prob. 13CECh. 11.2 - Prob. 14CECh. 11.2 - Prob. 15CECh. 11.2 - Prob. 16CECh. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11.2 - C. Practical Applications. (Round to the nearest...Ch. 11 - Solve a system of two linear equations two...Ch. 11 - Prob. 2PCh. 11 - Solve quadratic equations. (a) x2 = 16 (b) x2 7x...Ch. 11 - Prob. 4PCh. 11 - Prob. 1APSCh. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - A. Solve each of the following systems of...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - B. Solve each of the following quadratic...Ch. 11 - Prob. 1CPSCh. 11 - C. Practical Applications The area of a square is...Ch. 11 - Prob. 3CPSCh. 11 - Practical Applications For each of the following,...Ch. 11 - Practical Applications For each of the following,...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - Practical Applications For each of the following,...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - Prob. 12CPSCh. 11 - C. Practical Applications. For each of the...Ch. 11 - For each of the following, set up either a system...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...Ch. 11 - Prob. 19CPSCh. 11 - Prob. 20CPSCh. 11 - C. Practical Applications. For each of the...Ch. 11 - C. Practical Applications. For each of the...
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