MYLAB W/ETEXT FOR MATHEMATICS ALL AROUN
6th Edition
ISBN: 9780135902783
Author: Pirnot
Publisher: PEARSON
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Question
Chapter 11.3, Problem 31E
To determine
The Banzhaf power index for each voter in the weighted voting system
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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.
Please type out answer
Chapter 11 Solutions
MYLAB W/ETEXT FOR MATHEMATICS ALL AROUN
Ch. 11.1 - Four candidates running for a vacant seat on the...Ch. 11.1 - Five candidates running for mayor receive votes as...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The university administration has asked a group of...Ch. 11.1 - The drama society members are voting for the type...Ch. 11.1 - The drama society members are voting for the type...Ch. 11.1 - The drama society members are voting for the type...Ch. 11.1 - The drama society members are voting for the type...
Ch. 11.1 - Before a conference on Trends in the next Decade,...Ch. 11.1 - Before a conference on Trends in the next Decade,...Ch. 11.1 - Prob. 13ECh. 11.1 - Prob. 14ECh. 11.1 - A small employee-owned Internet company is voting...Ch. 11.1 - Prob. 16ECh. 11.1 - Prob. 17ECh. 11.1 - A small employee-owned Internet company is voting...Ch. 11.1 - Prob. 19ECh. 11.1 - Prob. 20ECh. 11.1 - Prob. 21ECh. 11.1 - Prob. 22ECh. 11.1 - In Exercises 23-26, refer to the preference table...Ch. 11.1 - Prob. 24ECh. 11.1 - In Exercises 23-26, refer to the preference table...Ch. 11.1 - Prob. 26ECh. 11.1 - In Exercises 27-30, refer to the preference table...Ch. 11.1 - In Exercises 27-30, refer to the preference table...Ch. 11.1 - In Exercises 27-30, refer to the preference table...Ch. 11.1 - Prob. 30ECh. 11.1 - Prob. 31ECh. 11.1 - Prob. 32ECh. 11.1 - Prob. 33ECh. 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 - Prob. 43ECh. 11.1 - Math in Your Life: Between the Numbers Instant...Ch. 11.1 - In approval voting, a person can vote for more...Ch. 11.1 - Prob. 46ECh. 11.1 - Prob. 47ECh. 11.1 - Prob. 48ECh. 11.1 - Prob. 49ECh. 11.1 - Prob. 50ECh. 11.1 - Prob. 51ECh. 11.1 - Prob. 52ECh. 11.2 - Some of these exercises have no fixed solution...Ch. 11.2 - Some of these exercises have no fixed solution...Ch. 11.2 - Determining the legal drinking age. A state...Ch. 11.2 - Voting for the president of a club. A chapter of...Ch. 11.2 - Choosing a location for a research facility. Teach...Ch. 11.2 - Locating a new factory. The Land Mover Tractor...Ch. 11.2 - Reducing a budget. Due to a decrease in state...Ch. 11.2 - Voting on an award for best restaurant. A group of...Ch. 11.2 - Use the following preference table for Exercises 9...Ch. 11.2 - Use the following preference table for Exercises 9...Ch. 11.2 - Complete the preference table so that the Borda...Ch. 11.2 - Complete the preference table so that A is the...Ch. 11.2 - Prob. 13ECh. 11.2 - Make a preference table similar to the one given...Ch. 11.2 - Complete the preference table so that the...Ch. 11.2 - Does the plurality method satisfy the majority...Ch. 11.2 - Does the plurality-with-elimination method satisfy...Ch. 11.2 - Prob. 18ECh. 11.2 - Presidential election. One of the several...Ch. 11.2 - Prob. 20ECh. 11.2 - Prob. 21ECh. 11.2 - A run off election. Repeat Exercise 21 using this...Ch. 11.2 - Prob. 23ECh. 11.2 - Prob. 24ECh. 11.2 - Prob. 25ECh. 11.2 - Prob. 26ECh. 11.2 - Prob. 27ECh. 11.2 - Voters are choosing among five options. Make a...Ch. 11.2 - Make a preference table, similar to the one given...Ch. 11.2 - Prob. 30ECh. 11.2 - Prob. 31ECh. 11.2 - Prob. 32ECh. 11.2 - Prob. 33ECh. 11.2 - Prob. 34ECh. 11.2 - One of the voting methods we have been discussing...Ch. 11.3 - Prob. 1ECh. 11.3 - Prob. 2ECh. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - Prob. 4ECh. 11.3 - Prob. 5ECh. 11.3 - Prob. 6ECh. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - In Exercises 1-12, the weight represent voters A,...Ch. 11.3 - Prob. 10ECh. 11.3 - Prob. 11ECh. 11.3 - Prob. 12ECh. 11.3 - In Exercises 13-16, write out all winning...Ch. 11.3 - Prob. 14ECh. 11.3 - In Exercises 13-16, write out all winning...Ch. 11.3 - Prob. 16ECh. 11.3 - Prob. 17ECh. 11.3 - Prob. 18ECh. 11.3 - Prob. 19ECh. 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 - In Exercises 29-34, determine the Banzhaf power...Ch. 11.3 - Prob. 34ECh. 11.3 - The system [3:1,1,1,1,1] is an example of a one...Ch. 11.3 - Prob. 36ECh. 11.3 - Consider the system [14:15,2,3,3,5] in which A is...Ch. 11.3 - Prob. 38ECh. 11.3 - Calculating power in the electoral college. After...Ch. 11.3 - Prob. 40ECh. 11.3 - Prob. 41ECh. 11.3 - Prob. 42ECh. 11.3 - Prob. 43ECh. 11.3 - In Example 5, we analyzed the voting power of the...Ch. 11.3 - In Example 5, we analyzed the voting power of the...Ch. 11.3 - Prob. 46ECh. 11.3 - Prob. 47ECh. 11.3 - Prob. 48ECh. 11.3 - Prob. 49ECh. 11.3 - Prob. 50ECh. 11.3 - A dummy in a weighted voting system is a voter...Ch. 11.3 - Prob. 52ECh. 11.3 - Prob. 53ECh. 11.3 - Prob. 54ECh. 11.3 - In Exercises 55 and 56, devise a voting system...Ch. 11.3 - Prob. 56ECh. 11.4 - In Exercises 1 4, use tree diagrams to find all...Ch. 11.4 - Prob. 2ECh. 11.4 - In Exercises 1 4, use tree diagrams to find all...Ch. 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 - In Exercises 1116, determine the Shapley-Shubik...Ch. 11.4 - Prob. 14ECh. 11.4 - Prob. 15ECh. 11.4 - Prob. 16ECh. 11.4 - The system [3:1,1,1,1,1] is an example of a one...Ch. 11.4 - Measuring power on a jury. We can consider a...Ch. 11.4 - Prob. 19ECh. 11.4 - Prob. 20ECh. 11.4 - Prob. 21ECh. 11.4 - Measuring power on a theater guild. The Theater...Ch. 11.4 - Measuring power on a state committee. The college...Ch. 11.4 - Prob. 24ECh. 11.4 - Prob. 25ECh. 11.4 - A new social media company, Chirp, has an...Ch. 11.4 - Prob. 27ECh. 11.4 - Measuring power among states. Repeat Exercise 27...Ch. 11.4 - Explain the difference between the Banzhaf index...Ch. 11.4 - Prob. 30ECh. 11.4 - Prob. 31ECh. 11.4 - Prob. 32ECh. 11.4 - Prob. 33ECh. 11.4 - Prob. 34ECh. 11.CR - Prob. 1CRCh. 11.CR - Prob. 2CRCh. 11.CR - Prob. 3CRCh. 11.CR - Prob. 4CRCh. 11.CR - Prob. 5CRCh. 11.CR - Prob. 6CRCh. 11.CR - Prob. 7CRCh. 11.CR - Prob. 8CRCh. 11.CR - Prob. 9CRCh. 11.CR - Prob. 10CRCh. 11.CR - Prob. 11CRCh. 11.CR - Prob. 12CRCh. 11.CR - Prob. 13CRCh. 11.CR - Prob. 14CRCh. 11.CR - Prob. 15CRCh. 11.CR - Prob. 16CRCh. 11.CR - Prob. 17CRCh. 11.CR - Prob. 18CRCh. 11.CT - Prob. 1CTCh. 11.CT - Prob. 2CTCh. 11.CT - Prob. 3CTCh. 11.CT - Prob. 4CTCh. 11.CT - Prob. 5CTCh. 11.CT - Prob. 6CTCh. 11.CT - Prob. 7CTCh. 11.CT - Prob. 8CTCh. 11.CT - Prob. 9CTCh. 11.CT - Determine the Banzhaf power index for each voter...Ch. 11.CT - Prob. 11CTCh. 11.CT - Prob. 12CTCh. 11.CT - Prob. 13CTCh. 11.CT - Prob. 14CTCh. 11.CT - Prob. 15CTCh. 11.CT - Prob. 16CT
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