Applied Statistics and Probability for Engineers
6th Edition
ISBN: 9781118539712
Author: Douglas C. Montgomery
Publisher: WILEY
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Chapter 12.6, Problem 104E
a.
To determine
Find the F-statistic for testing the significance of the regression.
Test for the statistical significance of the regression at level of significance
b.
To determine
Calculate the estimate of
Comment on whether the reduced model is superior to the existing model.
c.
To determine
Calculate the value of
Conclude whether the reduced model is better than the existing model.
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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.
Use the accompanying Grade Point Averages data to find 80%,85%, and 99%confidence intervals for the mean GPA.
view the Grade Point Averages data.
Gender College GPAFemale Arts and Sciences 3.21Male Engineering 3.87Female Health Science 3.85Male Engineering 3.20Female Nursing 3.40Male Engineering 3.01Female Nursing 3.48Female Nursing 3.26Female Arts and Sciences 3.50Male Engineering 3.00Female Arts and Sciences 3.13Female Nursing 3.34Female Nursing 3.67Female Education 3.45Female Engineering 3.17Female Health Science 3.28Female Nursing 3.25Male Engineering 3.72Female Arts and Sciences 2.68Female Nursing 3.40Female Health Science 3.76Female Arts and Sciences 3.72Female Education 3.44Female Arts and Sciences 3.61Female Education 3.29Female Nursing 3.20Female Education 3.80Female Business 3.26Male…
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Chapter 12 Solutions
Applied Statistics and Probability for Engineers
Ch. 12.1 - 12.1. Exercise 11.1 described a regression model...Ch. 12.1 - 12.2. A class of 63 students has two hourly exams...Ch. 12.1 - 12.3. Can the percentage of the workforce who are...Ch. 12.1 - Prob. 4ECh. 12.1 - Prob. 5ECh. 12.1 - Prob. 6ECh. 12.1 - Prob. 7ECh. 12.1 - 12-8. You have fit a multiple linear regression...Ch. 12.1 - 12-9. The data from a patient satisfaction survey...Ch. 12.1 - 12-10. The electric power consumed each month by a...
Ch. 12.1 - 12-11. Table E12-3 provides the highway gasoline...Ch. 12.1 - 12-12. The pull strength of a wire bond is an...Ch. 12.1 - Prob. 13ECh. 12.1 - Prob. 14ECh. 12.1 - 12-15. An article in Electronic Packaging and...Ch. 12.1 - 12-16. An article in Cancer Epidemiology,...Ch. 12.1 - Prob. 17ECh. 12.1 - Prob. 18ECh. 12.1 - Prob. 19ECh. 12.1 - Prob. 20ECh. 12.1 - Prob. 21ECh. 12.1 - Prob. 22ECh. 12.1 - 12-23. A study was performed on wear of a bearing...Ch. 12.1 - Prob. 24ECh. 12.2 - 12-25. Recall the regression of percent of body...Ch. 12.2 - Prob. 27ECh. 12.2 - Prob. 28ECh. 12.2 - 12-29. Consider the following computer...Ch. 12.2 - 12-30. You have fit a regression model with two...Ch. 12.2 - 12-31. Consider the regression model fit to the...Ch. 12.2 - 12-32. Consider the absorption index data in...Ch. 12.2 - Prob. 33ECh. 12.2 - Prob. 34ECh. 12.2 - 12-35. Consider the gasoline mileage data in...Ch. 12.2 - Prob. 36ECh. 12.2 - Prob. 37ECh. 12.2 - Prob. 38ECh. 12.2 - 12-39. Consider the regression model fit to the...Ch. 12.2 - Prob. 40ECh. 12.2 - Prob. 41ECh. 12.2 - Prob. 42ECh. 12.2 - 12-43. Consider the NFL data in Exercise...Ch. 12.2 - Prob. 44ECh. 12.2 - 12-45. Consider the bearing wear data in Exercise...Ch. 12.2 - 12-46. Data on National Hockey League team...Ch. 12.2 - Prob. 47ECh. 12.2 - Prob. 48ECh. 12.4 - Prob. 52ECh. 12.4 - 12-53. Consider the regression model fit to the...Ch. 12.4 - 12-55. Consider the semiconductor data in Exercise...Ch. 12.4 - 12-56. Consider the electric power consumption...Ch. 12.4 - Prob. 57ECh. 12.4 - Prob. 58ECh. 12.4 - 12-59. Consider the regression model fit to the...Ch. 12.4 - Prob. 60ECh. 12.4 - 12-61. Consider the regression model fit to the...Ch. 12.4 - Prob. 62ECh. 12.4 - Prob. 63ECh. 12.4 - Prob. 64ECh. 12.4 - Prob. 65ECh. 12.4 - Prob. 66ECh. 12.4 - Prob. 67ECh. 12.4 - 12-68. Consider the NHL data in Exercise...Ch. 12.5 - 12-69. Consider the gasoline mileage data in...Ch. 12.5 - Prob. 70ECh. 12.5 - Prob. 71ECh. 12.5 - Prob. 72ECh. 12.5 - 12-73. Consider the regression model fit to the...Ch. 12.5 - Prob. 74ECh. 12.5 - Prob. 75ECh. 12.5 - Prob. 76ECh. 12.5 - Prob. 77ECh. 12.5 - Prob. 78ECh. 12.5 - Prob. 79ECh. 12.5 - 12-80. Fit a model to the response PITCH in the...Ch. 12.5 - Prob. 81ECh. 12.6 - 12-84. An article entitled “A Method for Improving...Ch. 12.6 - Prob. 85ECh. 12.6 - Prob. 86ECh. 12.6 - Prob. 87ECh. 12.6 - 12-88. Consider the arsenic concentration data in...Ch. 12.6 - Prob. 89ECh. 12.6 - Prob. 90ECh. 12.6 - 12-91. Consider the X-ray inspection data in...Ch. 12.6 - 12-92. Consider the electric power data in...Ch. 12.6 - Prob. 93ECh. 12.6 - Prob. 94ECh. 12.6 - 12-95. Consider the gray range modulation data in...Ch. 12.6 - 12-96. Consider the nisin extraction data in...Ch. 12.6 - Prob. 97ECh. 12.6 - Prob. 98ECh. 12.6 - Prob. 99ECh. 12.6 - 12-100. Consider the arsenic data in Exercise...Ch. 12.6 - 12-101. Consider the gas mileage data in Exercise...Ch. 12.6 - Prob. 102ECh. 12.6 - Prob. 103ECh. 12.6 - Prob. 104ECh. 12.6 - Prob. 105ECh. 12 - Prob. 106SECh. 12 - 12-107. Consider the following inverse of the...Ch. 12 - 12-108. The data shown in Table E12-14 represent...Ch. 12 - Prob. 109SECh. 12 - Prob. 111SECh. 12 - Prob. 112SECh. 12 - 12-113. Consider the jet engine thrust data in...Ch. 12 - 12-114. Consider the electronic inverter data in...Ch. 12 - 12-115. A multiple regression model was used to...Ch. 12 - Prob. 116SECh. 12 - 12-117. An article in the Journal of the American...Ch. 12 - 12-118. Exercise 12-9 introduced the hospital...Ch. 12 - Prob. 119SECh. 12 - Prob. 120SECh. 12 - 12-121. A regression model is used to relate a...Ch. 12 - Prob. 122SECh. 12 - Prob. 123SECh. 12 - Prob. 124SECh. 12 - Prob. 125SE
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