Introductory Statistics
3rd Edition
ISBN: 9780135188927
Author: Gould, Robert, Ryan, Colleen N. (colleen Nooter)
Publisher: Pearson,
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Chapter 12, Problem 10SE
a.
To determine
Determine the treatment and the response variables in the given study.
b.
To determine
Give the conclusion of the study in terms of cause and effect relation and explain the reason for concluding the cause and effect relationship from the study.
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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.
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2. Comment on the differences in the reserves produced by the methods in Part 1.
You are provided with data that includes all 50 states of the United States. Your task is to draw a sample of: o 20 States using Random Sampling (2 points: 1 for random number generation; 1 for random sample) o 10 States using Systematic Sampling (4 points: 1 for random numbers generation; 1 for random sample different from the previous answer; 1 for correct K value calculation table; 1 for correct sample drawn by using systematic sampling) (For systematic sampling, do not use the original data directly. Instead, first randomize the data, and then use the randomized dataset to draw your sample. Furthermore, do not use the random list previously generated, instead, generate a new random sample for this part. For more details, please see the snapshot provided at the end.) Upload a Microsoft Excel file with two separate sheets. One sheet provides random sampling while the other provides systematic sampling. Excel snapshots that can help you in organizing columns are provided on the next…
Chapter 12 Solutions
Introductory Statistics
Ch. 12 - Dairy Products and Muscle The following two...Ch. 12 - Coffee and Depression The following two headlines...Ch. 12 - Marijuana Use and Bone Density In a 2017 study...Ch. 12 - Prob. 4SECh. 12 - Prob. 5SECh. 12 - Prob. 6SECh. 12 - Prob. 7SECh. 12 - Smoking Cessation In a 2018 study reported in The...Ch. 12 - Prob. 9SECh. 12 - Prob. 10SE
Ch. 12 - Prob. 11SECh. 12 - Sugary Drinks and Brain Health An April 2017...Ch. 12 - Expression of Feelings A 2017 Pew poll asked a...Ch. 12 - Prob. 14SECh. 12 - Prob. 15SECh. 12 - SAT Prep and Power Suppose an SAT tutoring company...Ch. 12 - Brain Games (Example 2) Researchers are interested...Ch. 12 - A Smile a Day Smiling is a sign of a good mood,...Ch. 12 - Speed Skating Suits (Example 3) Speed skating is a...Ch. 12 - Flu Vaccines and Age Suppose you want to compare...Ch. 12 - Preventing Heart Attacks with Aspirin Suppose that...Ch. 12 - Prob. 22SECh. 12 - Dietary Improvement and Depression In a 2017...Ch. 12 - Prob. 24SECh. 12 - Reading Colored Paper (Example 4) Some people...Ch. 12 - Prob. 26SECh. 12 - Prob. 27SECh. 12 - Prob. 28SECh. 12 - Prob. 29SECh. 12 - Library Audio Books Suppose a college is deciding...Ch. 12 - Prob. 31SECh. 12 - Prob. 32SECh. 12 - Prob. 33SECh. 12 - Prob. 34SECh. 12 - Prob. 35SECh. 12 - Prob. 36SECh. 12 - Prob. 37SECh. 12 - Prob. 38SECh. 12 - Prob. 39SECh. 12 - Prob. 40SECh. 12 - Prob. 41SECh. 12 - Prob. 42SECh. 12 - Prob. 43SECh. 12 - Prob. 44SECh. 12 - Yoga Study Design Refer to exercise 12.43. How...Ch. 12 - Fish Consumption Study Design Refer to exercise...Ch. 12 - Prob. 47SECh. 12 - Prob. 48SECh. 12 - Alumni Donations The alumni office wishes to...Ch. 12 - Prob. 50SECh. 12 - Prob. 51SECh. 12 - Prob. 52SECh. 12 - For exercises 12.51-12.53, evaluate the study...Ch. 12 - Prob. 54SECh. 12 - Anesthesia Care and Adverse Postoperative Outcomes...Ch. 12 - Prob. 56SECh. 12 - Prob. 57SECh. 12 - Prob. 58SE
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