DIFF EQUAT W/BOUNDAR >PRINT UPGRADE<
9th Edition
ISBN: 9781337810906
Author: ZILL
Publisher: CENGAGE L
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Chapter 1.3, Problem 30E
To determine
One-parameter family of solutions for the given equation.
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PEER REPLY 1:
Choose a classmate's Main Post and review their decision making process.
1. Choose a risk level for each of the states of nature (assign a probability
value to each).
2. Explain why each risk level is chosen.
3. Which alternative do you believe would be the best based on the maximum
EMV?
4. Do you feel determining the expected value with perfect information
(EVWPI) is worthwhile in this situation? Why or why not?
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 1 Solutions
DIFF EQUAT W/BOUNDAR >PRINT UPGRADE<
Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 18 state the order of the given...Ch. 1.1 - In Problems 9 and 10 determine whether the given...Ch. 1.1 - In Problems 9 and 10 determine whether the given...
Ch. 1.1 - In Problems 1114 verify that the indicated...Ch. 1.1 - In Problems 1114 verify that the indicated...Ch. 1.1 - In Problems 1114 verify that the indicated...Ch. 1.1 - In Problems 1114 verify that the indicated...Ch. 1.1 - In Problems 1518 verify that the indicated...Ch. 1.1 - In Problems 1518 verify that the indicated...Ch. 1.1 - In Problems 1518 verify that the indicated...Ch. 1.1 - In Problems 1518 verify that the indicated...Ch. 1.1 - In Problems 19 and 20 verify that the indicated...Ch. 1.1 - In Problems 19 and 20 verify that the indicated...Ch. 1.1 - In Problems 2124 verify that the indicated family...Ch. 1.1 - In Problems 2124 verify that the indicated family...Ch. 1.1 - In Problems 2124 verify that the indicated family...Ch. 1.1 - In Problems 2124 verify that the indicated family...Ch. 1.1 - In Problems 2528 use (12) to verify that the...Ch. 1.1 - In Problems 2528 use (12) to verify that the...Ch. 1.1 - In Problems 2528 use (12) to verify that the...Ch. 1.1 - Prob. 28ECh. 1.1 - Verify that the piecewise-defined function...Ch. 1.1 - In Example 7 we saw that y=1(x)=25x2 and...Ch. 1.1 - In Problems 31-34 find values of m so that the...Ch. 1.1 - In Problems 31-34 find values of m so that the...Ch. 1.1 - In Problems 31-34 find values of m so that the...Ch. 1.1 - In Problems 31-34 find values of m so that the...Ch. 1.1 - In Problems 35 and 36 find values of m so that the...Ch. 1.1 - In Problems 35 and 36 find values of m so that the...Ch. 1.1 - In Problems 3740 use the concept that y = c, x ...Ch. 1.1 - In Problems 3740 use the concept that y = c, x ...Ch. 1.1 - In Problems 3740 use the concept that y = c, x ...Ch. 1.1 - In Problems 3740 use the concept that y = c, x ...Ch. 1.1 - Prob. 41ECh. 1.1 - In Problems 41 and 42 verify that the indicated...Ch. 1.1 - Make up a differential equation that does not...Ch. 1.1 - Make up a differential equation that you feel...Ch. 1.1 - What function do you know from calculus is such...Ch. 1.1 - What function (or functions) do you know from...Ch. 1.1 - The function y = sin x is an explicit solution of...Ch. 1.1 - Discuss why it makes intuitive sense to presume...Ch. 1.1 - Prob. 49ECh. 1.1 - Prob. 50ECh. 1.1 - The graphs of members of the one-parameter family...Ch. 1.1 - Prob. 52ECh. 1.1 - Prob. 53ECh. 1.1 - Prob. 54ECh. 1.1 - Prob. 55ECh. 1.1 - Prob. 56ECh. 1.1 - The normal form (5) of an nth-order differential...Ch. 1.1 - Find a linear second-order differential equation...Ch. 1.1 - Consider the differential equation dy/dx = ex2....Ch. 1.1 - Consider the differential equation dy/dx = 5 y....Ch. 1.1 - Prob. 61ECh. 1.1 - Consider the differential equation y = y2 + 4. (a)...Ch. 1.2 - In Problems 1 and 2, y = 1/(1 + c1ex) is a...Ch. 1.2 - In Problems 1 and 2, y = 1/(1 + c1ex) is a...Ch. 1.2 - In Problems 36, y = 1/(x2 + c) is a one-parameter...Ch. 1.2 - In Problems 36, y = 1/(x2 + c) is a one-parameter...Ch. 1.2 - In Problems 36, y = 1/(x2 + c) is a one-parameter...Ch. 1.2 - In Problems 36, y = 1/(x2 + c) is a one-parameter...Ch. 1.2 - In Problems 710, x = c1 cos t + c2 sin t is a...Ch. 1.2 - In Problems 710, x = c1 cos t + c2 sin t is a...Ch. 1.2 - In Problems 710, x = c1 cos t + c2 sin t is a...Ch. 1.2 - In Problems 710, x = c1 cos t + c2 sin t is a...Ch. 1.2 - In Problems 1114, y = c1ex + c2ex is a...Ch. 1.2 - In Problems 1114, y = c1ex + c2ex is a...Ch. 1.2 - In Problems 1114, y = c1ex + c2ex is a...Ch. 1.2 - In Problems 1114, y = c1ex + c2ex is a...Ch. 1.2 - In Problems 15 and 16 determine by inspection at...Ch. 1.2 - In Problems 15 and 16 determine by inspection at...Ch. 1.2 - In Problems 1724 determine a region of the...Ch. 1.2 - In Problems 1724 determine a region of the...Ch. 1.2 - In Problems 1724 determine a region of the...Ch. 1.2 - Prob. 20ECh. 1.2 - In Problems 1724 determine a region of the...Ch. 1.2 - Prob. 22ECh. 1.2 - Prob. 23ECh. 1.2 - In Problems 1724 determine a region of the...Ch. 1.2 - In Problems 2528 determine whether Theorem 1.2.1...Ch. 1.2 - In Problems 2528 determine whether Theorem 1.2.1...Ch. 1.2 - Prob. 27ECh. 1.2 - In Problems 2528 determine whether Theorem 1.2.1...Ch. 1.2 - (a) By inspection find a one-parameter family of...Ch. 1.2 - (a) Verify that y = tan (x + c) is a one-parameter...Ch. 1.2 - (a) Verify that y = 1 /(x + c) is a one-parameter...Ch. 1.2 - Prob. 32ECh. 1.2 - (a) Verify that 3x2 y2 = c is a one-parameter...Ch. 1.2 - Prob. 34ECh. 1.2 - In Problems 3538 the graph of a member of a family...Ch. 1.2 - In Problems 3538 the graph of a member of a family...Ch. 1.2 - In Problems 3538 the graph of a member of a family...Ch. 1.2 - In Problems 3538 the graph of a member of a family...Ch. 1.2 - Prob. 39ECh. 1.2 - In Problems 3944, y = c1 cos 2x + c2 sin 2x is a...Ch. 1.2 - In Problems 3944, y = c1 cos 2x + c2 sin 2x is a...Ch. 1.2 - In Problems 3944, y = c1 cos 2x + c2 sin 2x is a...Ch. 1.2 - Prob. 43ECh. 1.2 - In Problems 3944, y = c1 cos 2x + c2 sin 2x is a...Ch. 1.2 - Prob. 45ECh. 1.2 - In Problems 45 and 46 use Problem 55 in Exercises...Ch. 1.2 - Consider the initial-value problem y = x 2y, y(0)...Ch. 1.2 - Show that x=0y1t3+1dt is an implicit solution of...Ch. 1.2 - Prob. 49ECh. 1.2 - Prob. 50ECh. 1.2 - Prob. 51ECh. 1.3 - Under the same assumptions that underlie the model...Ch. 1.3 - The population model given in (1) fails to take...Ch. 1.3 - Using the concept of net rate introduced in...Ch. 1.3 - Modify the model in Problem 3 for net rate at...Ch. 1.3 - A cup of coffee cools according to Newtons law of...Ch. 1.3 - The ambient temperature Tm in (3) could be a...Ch. 1.3 - Suppose a student carrying a flu virus returns to...Ch. 1.3 - At a time denoted as t = 0 a technological...Ch. 1.3 - Prob. 9ECh. 1.3 - Prob. 10ECh. 1.3 - What is the differential equation in Problem 10,...Ch. 1.3 - Prob. 12ECh. 1.3 - Suppose water is leaking from a tank through a...Ch. 1.3 - The right-circular conical tank shown in Figure...Ch. 1.3 - A series circuit contains a resistor and an...Ch. 1.3 - A series circuit contains a resistor and a...Ch. 1.3 - For high-speed motion through the airsuch as the...Ch. 1.3 - A cylindrical barrel s feet in diameter of weight...Ch. 1.3 - After a mass m is attached to a spring, it...Ch. 1.3 - In Problem 19, what is a differential equation for...Ch. 1.3 - Prob. 21ECh. 1.3 - In Problem 21, the mass m(t) is the sum of three...Ch. 1.3 - By Newtons universal law of gravitation the...Ch. 1.3 - Suppose a hole is drilled through the center of...Ch. 1.3 - Prob. 25ECh. 1.3 - Prob. 26ECh. 1.3 - Infusion of a Drug A drug is infused into a...Ch. 1.3 - Tractrix A motorboat starts at the origin and...Ch. 1.3 - Reflecting surface Assume that when the plane...Ch. 1.3 - Prob. 30ECh. 1.3 - Prob. 31ECh. 1.3 - Prob. 32ECh. 1.3 - Prob. 33ECh. 1.3 - Prob. 34ECh. 1.3 - Prob. 35ECh. 1.3 - Prob. 36ECh. 1.3 - Let It snow The snowplow problem is a classic and...Ch. 1.3 - Population Dynamics Suppose that dP/dt = 0.15 P(t)...Ch. 1.3 - Prob. 39ECh. 1.3 - Prob. 40ECh. 1 - In Problems 1 and 2 fill in the blank and then...Ch. 1 - In Problems 1 and 2 fill in the blank and then...Ch. 1 - In Problems 3 and 4 fill in the blank and then...Ch. 1 - Prob. 4RECh. 1 - Prob. 5RECh. 1 - In Problems 5 and 6 compute y and y and then...Ch. 1 - Prob. 7RECh. 1 - Prob. 8RECh. 1 - Prob. 9RECh. 1 - Prob. 10RECh. 1 - Prob. 11RECh. 1 - Prob. 12RECh. 1 - Prob. 13RECh. 1 - Prob. 14RECh. 1 - In Problems 15 and 16 interpret each statement as...Ch. 1 - Prob. 16RECh. 1 - Prob. 17RECh. 1 - (a) Verify that the one-parameter family y2 2y =...Ch. 1 - Prob. 19RECh. 1 - Suppose that y(x) denotes a solution of the...Ch. 1 - Prob. 21RECh. 1 - Prob. 22RECh. 1 - Prob. 23RECh. 1 - Prob. 24RECh. 1 - Prob. 25RECh. 1 - Prob. 26RECh. 1 - Prob. 27RECh. 1 - Prob. 28RECh. 1 - Prob. 29RECh. 1 - In Problems 2730 use (12) of Section 1.1 to verify...Ch. 1 - Prob. 31RECh. 1 - Prob. 32RECh. 1 - Prob. 33RECh. 1 - Prob. 34RECh. 1 - Prob. 35RECh. 1 - Prob. 36RECh. 1 - In Problems 3538, y = c1e3x + c2ex 2x is a...Ch. 1 - Prob. 38RECh. 1 - Prob. 39RECh. 1 - Prob. 40RE
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