MYLAB W/ETEXT FOR MATHEMATICS ALL AROUN
6th Edition
ISBN: 9780135902783
Author: Pirnot
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 11.4, Problem 15E
To determine
The Shapley-Shubik index of each voter for weighted voting system
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
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.
Answer questions 8.1.13 and 8.2.10 respectively
To help consumers in purchasing a laptop computer, Consumer Reports calculates an overall test score for each computer tested based upon rating factors such as ergonomics, portability, performance, display, and battery life. Higher overall scores indicate better test results. The following data show the average retail price and the overall score for ten 13-inch models (Consumer Reports website, October 25, 2012).
Brand & Model
Price ($)
Overall Score
Samsung Ultrabook NP900X3C-A01US
1250
83
Apple MacBook Air MC965LL/A
1300
83
Apple MacBook Air MD231LL/A
1200
82
HP ENVY 13-2050nr Spectre XT
950
79
Sony VAIO SVS13112FXB
800
77
Acer Aspire S5-391-9880 Ultrabook
1200
74
Apple MacBook Pro MD101LL/A
1200
74
Apple MacBook Pro MD313LL/A
1000
73
Dell Inspiron I13Z-6591SLV
700
67
Samsung NP535U3C-A01US
600
63
a. Select a scatter diagram with price as the independent variable.
b. What does the scatter diagram developed in part (a) indicate about the relationship…
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
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Answer questions 8.2.6, 8.2.7 and 8.2.9 respectivelyarrow_forwardTo the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer’s adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income ($1000s) Reasonable Amount ofItemized Deductions ($1000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 17.7 120 25.5 Compute b1 and b0 (to 4 decimals).b1 b0 Complete the estimated regression equation (to 2 decimals). = + x Predict a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of $52.5 thousand (to 2 decimals). thousand dollarsWhat is the value, in dollars, of…arrow_forwardAnswer questions 8.1.10, 8.1.11and 8.1.12 respectivelyarrow_forward
- 7.2.10 Researchers in the Hopkins Forest also count the number of maple trees (genus acer) in plots throughout the forest. The following is a histogram of the number of live maples in 1002 plots sampled over the past 20 years. The average number of maples per plot was 19.86 trees with a standard deviation of 23.65 trees. a. If we took the mean of a sample of eight plots, what would be the standard error of the mean? b. Using the central limit theorem, what is the probability that the mean of the eight would be within 1 standard error of the mean? c. Why might you think that the probability that you calculated in (b) might not be very accurate? 2. A normal population has mean 100 and variance 25. How large must the random sample be if you want the standard error of the sample average to be 1.5?arrow_forwardAnswer questions 7.3.10 and 7.3.12 respectively 7.3.12. Suppose that two independent random samples (of size n1 and n2) from two normal distributions are available. Explain how you would estimate the standard error of the difference in sample means X1 − X2 with the bootstrap method.arrow_forwardAnswer questions 7.4.6 and 7.4.7 respectivelyarrow_forward
- Write an equation for the function shown. You may assume all intercepts and asymptotes are on integers. The blue dashed lines are the asymptotes. 10 9- 8- 7 6 5 4- 3- 2 4 5 15-14-13-12-11-10 -9 -8 -7 -6 -5 -4 -3 -2 1 1 2 3 -1 -2 -3 -4 1 -5 -6- -7 -8- -9 -10+ 60 7 8 9 10 11 12 13 14 15arrow_forwardK The mean height of women in a country (ages 20-29) is 63.7 inches. A random sample of 65 women in this age group is selected. What is the probability that the mean height for the sample is greater than 64 inches? Assume σ = 2.68. The probability that the mean height for the sample is greater than 64 inches is (Round to four decimal places as needed.)arrow_forwardAnswer questions 8.1.4, 8.1.5 and 8.1.6 respectivelyarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Statistics 4.1 Point Estimators; Author: Dr. Jack L. Jackson II;https://www.youtube.com/watch?v=2MrI0J8XCEE;License: Standard YouTube License, CC-BY
Statistics 101: Point Estimators; Author: Brandon Foltz;https://www.youtube.com/watch?v=4v41z3HwLaM;License: Standard YouTube License, CC-BY
Central limit theorem; Author: 365 Data Science;https://www.youtube.com/watch?v=b5xQmk9veZ4;License: Standard YouTube License, CC-BY
Point Estimate Definition & Example; Author: Prof. Essa;https://www.youtube.com/watch?v=OTVwtvQmSn0;License: Standard Youtube License
Point Estimation; Author: Vamsidhar Ambatipudi;https://www.youtube.com/watch?v=flqhlM2bZWc;License: Standard Youtube License