Elementary Statistics (13th Edition)
13th Edition
ISBN: 9780134462455
Author: Mario F. Triola
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 13.2, Problem 2BSC
To determine
To identify: The number of positive signs, the number of negative signs, the number of ties, the
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Using the accompanying Accounting Professionals data to answer the following questions.
a. Find and interpret a 90% confidence interval for the mean years of service.
b. Find and interpret a 90% confidence interval for the proportion of employees who have a graduate degree.
view the Accounting Professionals data.
Employee Years of Service Graduate Degree?1 26 Y2 8 N3 10 N4 6 N5 23 N6 5 N7 8 Y8 5 N9 26 N10 14 Y11 10 N12 8 Y13 7 Y14 27 N15 16 Y16 17 N17 21 N18 9 Y19 9 N20 9 N
Question content area bottom
Part 1
a. A 90% confidence interval for the mean years of service is
(Use ascending order. Round to two decimal places as needed.)
If, based on a sample size of 900,a political candidate finds that 509people would vote for him in a two-person race, what is the 95%confidence interval for his expected proportion of the vote? Would he be confident of winning based on this poll?
Question content area bottom
Part 1
A
9595%
confidence interval for his expected proportion of the vote is
(Use ascending order. Round to four decimal places as needed.)
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 13 Solutions
Elementary Statistics (13th Edition)
Ch. 13.2 - Prob. 1BSCCh. 13.2 - Prob. 2BSCCh. 13.2 - Contradicting H1 An important step in conducting...Ch. 13.2 - Efficiency of the Sign Test Refer to Table 13-2 on...Ch. 13.2 - Matched Pairs. In Exercises 58, use the sign test...Ch. 13.2 - Matched Pairs. In Exercises 58, use the sign test...Ch. 13.2 - Matched Pairs. In Exercises 58, use the sign test...Ch. 13.2 - Matched Pairs. In Exercises 58, use the sign test...Ch. 13.2 - Nominal Data. In Exercises 912, use the sign test...Ch. 13.2 - Nominal Data. In Exercises 912, use the sign test...
Ch. 13.2 - Nominal Data. In Exercises 912, use the sign test...Ch. 13.2 - Nominal Data. In Exercises 912, use the sign test...Ch. 13.2 - Appendix B Data Sets. In Exercises 1316, refer to...Ch. 13.2 - Appendix B Data Sets. In Exercises 1316, refer to...Ch. 13.2 - Appendix B Data Sets. In Exercises 1316, refer to...Ch. 13.2 - Appendix B Data Sets. In Exercises 1316, refer to...Ch. 13.2 - Procedures for Handling Ties In the sign lest...Ch. 13.2 - Finding Critical Values Table A-7 lists critical...Ch. 13.3 - Wilcoxon Signed-Ranks Test for Body Temperatures...Ch. 13.3 - Prob. 2BSCCh. 13.3 - Prob. 3BSCCh. 13.3 - Prob. 4BSCCh. 13.3 - Using the Wilcoxon Signed-Ranks Test. In Exercises...Ch. 13.3 - Using the Wilcoxon Signed-Ranks Test. In Exercises...Ch. 13.3 - Using the Wilcoxon Signed-Ranks Test. In Exercises...Ch. 13.3 - Using the Wilcoxon Signed-Ranks Test. In Exercises...Ch. 13.3 - Prob. 9BSCCh. 13.3 - Prob. 10BSCCh. 13.3 - Prob. 11BSCCh. 13.3 - Prob. 12BSCCh. 13.3 - Rank Sums Exercise 12 uses Data Set 23 Old...Ch. 13.4 - Prob. 1BSCCh. 13.4 - Rank Sum After ranking the combined list of...Ch. 13.4 - Prob. 3BSCCh. 13.4 - Prob. 4BSCCh. 13.4 - Wilcoxon Rank-Sum Test. In Exercises 58, use the...Ch. 13.4 - Wilcoxon Rank-Sum Test. In Exercises 58, use the...Ch. 13.4 - Wilcoxon Rank-Sum Test. In Exercises 58, use the...Ch. 13.4 - Wilcoxon Rank-Sum Test. In Exercises 58, use the...Ch. 13.4 - Prob. 9BSCCh. 13.4 - Appendix B Data Sets. In Exercises 912, refer to...Ch. 13.4 - Appendix B Data Sets. In Exercises 912, refer to...Ch. 13.4 - Appendix B Data Sets. In Exercises 912, refer to...Ch. 13.4 - Prob. 13BBCh. 13.4 - Finding Critical Values Assume that we have two...Ch. 13.5 - Prob. 1BSCCh. 13.5 - Requirements Assume that we want to use the data...Ch. 13.5 - Notation For the data given in Exercise 1,...Ch. 13.5 - Efficiency Refer to Table 13-2 on page 600 and...Ch. 13.5 - Prob. 5BSCCh. 13.5 - Prob. 6BSCCh. 13.5 - Prob. 7BSCCh. 13.5 - Prob. 8BSCCh. 13.5 - Appendix B Data Sets. In Exercises 912, use the...Ch. 13.5 - Prob. 10BSCCh. 13.5 - Appendix B Data Sets. In Exercises 912, use the...Ch. 13.5 - Appendix B Data Sets. In Exercises 912, use the...Ch. 13.5 - Correcting the H Test Statistic for Ties In using...Ch. 13.6 - Regression If the methods of this section are used...Ch. 13.6 - Level of Measurement Which of the levels of...Ch. 13.6 - Notation What do r, rs , and ps denote? Why is the...Ch. 13.6 - Prob. 4BSCCh. 13.6 - In Exercises 5 and 6, use the scatterplot to find...Ch. 13.6 - In Exercises 5 and 6, use the scatterplot to find...Ch. 13.6 - Testing for Rank Correlation. In Exercises 712,...Ch. 13.6 - Prob. 8BSCCh. 13.6 - Testing for Rank Correlation. In Exercises 712,...Ch. 13.6 - Testing for Rank Correlation. In Exercises 712,...Ch. 13.6 - Prob. 11BSCCh. 13.6 - Testing for Rank Correlation. In Exercises 712,...Ch. 13.6 - Prob. 13BSCCh. 13.6 - Appendix B Data Sets. In Exercises 1316, use the...Ch. 13.6 - Appendix B Data Sets. In Exercises 1316, use the...Ch. 13.6 - Prob. 16BSCCh. 13.6 - Prob. 17BBCh. 13.7 - In Exercises 14, use the following sequence of...Ch. 13.7 - Prob. 2BSCCh. 13.7 - Prob. 3BSCCh. 13.7 - Prob. 4BSCCh. 13.7 - Using the Runs Test for Randomness. In Exercises...Ch. 13.7 - Prob. 6BSCCh. 13.7 - Prob. 7BSCCh. 13.7 - Using the Runs Test for Randomness. In Exercises...Ch. 13.7 - Prob. 9BSCCh. 13.7 - Prob. 10BSCCh. 13.7 - Runs Test with Large Samples. In Exercises 912,...Ch. 13.7 - Prob. 12BSCCh. 13 - Prob. 1CQQCh. 13 - Prob. 2CQQCh. 13 - Prob. 3CQQCh. 13 - Prob. 4CQQCh. 13 - Prob. 5CQQCh. 13 - Prob. 6CQQCh. 13 - Prob. 7CQQCh. 13 - Prob. 8CQQCh. 13 - Prob. 9CQQCh. 13 - Which Test? Three different judges give the same...Ch. 13 - Prob. 1RECh. 13 - Using Nonparametric Tests. In Exercises 110, use a...Ch. 13 - Prob. 3RECh. 13 - Prob. 4RECh. 13 - Prob. 5RECh. 13 - Prob. 6RECh. 13 - Using Nonparametric Tests. In Exercises 110, use a...Ch. 13 - Prob. 8RECh. 13 - Using Nonparametric Tests. In Exercises 1-10, use...Ch. 13 - Prob. 10RECh. 13 - Prob. 1CRECh. 13 - Prob. 2CRECh. 13 - In Exercises 13, use the data listed below. The...Ch. 13 - Prob. 4CRECh. 13 - Prob. 5CRECh. 13 - Prob. 6CRECh. 13 - Prob. 7CRECh. 13 - Prob. 8CRECh. 13 - Fear of Heights Among readers of a USA Today...Ch. 13 - Cell Phones and Crashes: Analyzing Newspaper...Ch. 13 - Prob. 1TPCh. 13 - Prob. 1FDD
Knowledge Booster
Similar questions
- A population that is uniformly distributed between a=0and b=10 is given in sample sizes 50( ), 100( ), 250( ), and 500( ). Find the sample mean and the sample standard deviations for the given data. Compare your results to the average of means for a sample of size 10, and use the empirical rules to analyze the sampling error. For each sample, also find the standard error of the mean using formula given below. Standard Error of the Mean =sigma/Root Complete the following table with the results from the sampling experiment. (Round to four decimal places as needed.) Sample Size Average of 8 Sample Means Standard Deviation of 8 Sample Means Standard Error 50 100 250 500arrow_forwardA survey of 250250 young professionals found that two dash thirdstwo-thirds of them use their cell phones primarily for e-mail. Can you conclude statistically that the population proportion who use cell phones primarily for e-mail is less than 0.720.72? Use a 95% confidence interval. Question content area bottom Part 1 The 95% confidence interval is left bracket nothing comma nothing right bracket0.60820.6082, 0.72510.7251. As 0.720.72 is within the limits of the confidence interval, we cannot conclude that the population proportion is less than 0.720.72. (Use ascending order. Round to four decimal places as needed.)arrow_forwardI need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forward
- A survey of 250 young professionals found that two-thirds of them use their cell phones primarily for e-mail. Can you conclude statistically that the population proportion who use cell phones primarily for e-mail is less than 0.72? Use a 95% confidence interval. Question content area bottom Part 1 The 95% confidence interval is [ ], [ ] As 0.72 is ▼ above the upper limit within the limits below the lower limit of the confidence interval, we ▼ can cannot conclude that the population proportion is less than 0.72. (Use ascending order. Round to four decimal places as needed.)arrow_forwardI need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forwardI need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forward
- I need help with this problem and an explanation of the solution for the image described below. (Statistics: Engineering Probabilities)arrow_forwardQuestions 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.arrow_forwardQuestions 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.arrow_forward
- From a sample of 26 graduate students, the mean number of months of work experience prior to entering an MBA program was 34.67. The national standard deviation is known to be18 months. What is a 90% confidence interval for the population mean? Question content area bottom Part 1 A 9090% confidence interval for the population mean is left bracket nothing comma nothing right bracketenter your response here,enter your response here. (Use ascending order. Round to two decimal places as needed.)arrow_forwardA test consists of 10 questions made of 5 answers with only one correct answer. To pass the test, a student must answer at least 8 questions correctly. (a) If a student guesses on each question, what is the probability that the student passes the test? (b) Find the mean and standard deviation of the number of correct answers. (c) Is it unusual for a student to pass the test by guessing? Explain.arrow_forwardIn a group of 40 people, 35% have never been abroad. Two people are selected at random without replacement and are asked about their past travel experience. a. Is this a binomial experiment? Why or why not? What is the probability that in a random sample of 2, no one has been abroad? b. What is the probability that in a random sample of 2, at least one has been abroad?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill