DEVELOP.MATH(3 VOLS) CUSTOM-W/MML <IC<
DEVELOP.MATH(3 VOLS) CUSTOM-W/MML <IC<
16th Edition
ISBN: 9781323235911
Author: BITTINGER
Publisher: Pearson Custom Publishing
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Chapter 13.3, Problem 38ES
To determine

To calculate: The solution of the equation: 23x14=x2.

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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 13 Solutions

DEVELOP.MATH(3 VOLS) CUSTOM-W/MML <IC<

Ch. 13.1 - Prob. 1CCE1Ch. 13.1 - Prob. 2CCE1Ch. 13.1 - Prob. 3CCE1Ch. 13.1 - Prob. 1RCCh. 13.1 - Prob. 2RCCh. 13.1 - Prob. 3RCCh. 13.1 - Prob. 4RCCh. 13.1 - Prob. 1ESCh. 13.1 - Prob. 2ESCh. 13.1 - Prob. 3ESCh. 13.1 - Prob. 4ESCh. 13.1 - Prob. 5ESCh. 13.1 - Prob. 6ESCh. 13.1 - Prob. 7ESCh. 13.1 - Prob. 8ESCh. 13.1 - Prob. 9ESCh. 13.1 - Prob. 10ESCh. 13.1 - Prob. 11ESCh. 13.1 - Prob. 12ESCh. 13.1 - Prob. 13ESCh. 13.1 - Prob. 14ESCh. 13.1 - Prob. 15ESCh. 13.1 - Prob. 16ESCh. 13.1 - Prob. 17ESCh. 13.1 - Prob. 18ESCh. 13.1 - Prob. 19ESCh. 13.1 - Prob. 20ESCh. 13.1 - Prob. 21ESCh. 13.1 - Prob. 22ESCh. 13.1 - Prob. 23ESCh. 13.1 - Prob. 24ESCh. 13.1 - Prob. 25ESCh. 13.1 - Prob. 26ESCh. 13.1 - Prob. 27ESCh. 13.1 - Prob. 28ESCh. 13.1 - Prob. 29ESCh. 13.1 - Prob. 30ESCh. 13.1 - Prob. 31ESCh. 13.1 - Prob. 32ESCh. 13.1 - Prob. 33ESCh. 13.1 - Prob. 34ESCh. 13.1 - Prob. 35ESCh. 13.1 - Prob. 36ESCh. 13.1 - Prob. 37ESCh. 13.1 - Prob. 38ESCh. 13.1 - Prob. 39ESCh. 13.1 - Prob. 40ESCh. 13.1 - Prob. 41ESCh. 13.2 - Prob. 1SRCh. 13.2 - Prob. 2SRCh. 13.2 - Prob. 1DECh. 13.2 - Prob. 2DECh. 13.2 - Prob. 3DECh. 13.2 - Prob. 4DECh. 13.2 - Prob. 1RCCh. 13.2 - Prob. 2RCCh. 13.2 - Prob. 3RCCh. 13.2 - Prob. 4RCCh. 13.2 - Prob. 1ESCh. 13.2 - Prob. 2ESCh. 13.2 - Prob. 3ESCh. 13.2 - Prob. 4ESCh. 13.2 - Prob. 5ESCh. 13.2 - Prob. 6ESCh. 13.2 - Prob. 7ESCh. 13.2 - Prob. 8ESCh. 13.2 - Prob. 9ESCh. 13.2 - Prob. 10ESCh. 13.2 - Prob. 11ESCh. 13.2 - Prob. 12ESCh. 13.2 - Prob. 13ESCh. 13.2 - Prob. 14ESCh. 13.2 - Prob. 15ESCh. 13.2 - Prob. 16ESCh. 13.2 - Prob. 17ESCh. 13.2 - Prob. 18ESCh. 13.2 - Prob. 19ESCh. 13.2 - Prob. 20ESCh. 13.2 - Prob. 21ESCh. 13.2 - Prob. 22ESCh. 13.2 - Prob. 23ESCh. 13.2 - Prob. 24ESCh. 13.2 - Prob. 25ESCh. 13.2 - Prob. 26ESCh. 13.2 - Prob. 27ESCh. 13.2 - Prob. 28ESCh. 13.2 - Prob. 29ESCh. 13.2 - Prob. 30ESCh. 13.2 - Prob. 31ESCh. 13.2 - Prob. 32ESCh. 13.2 - Prob. 33ESCh. 13.2 - Prob. 34ESCh. 13.2 - Prob. 35ESCh. 13.2 - Prob. 36ESCh. 13.2 - Prob. 37ESCh. 13.2 - Prob. 38ESCh. 13.2 - Prob. 39ESCh. 13.2 - Prob. 40ESCh. 13.2 - Prob. 41ESCh. 13.2 - Prob. 42ESCh. 13.2 - Prob. 43ESCh. 13.2 - Prob. 44ESCh. 13.2 - Prob. 45ESCh. 13.2 - Prob. 46ESCh. 13.2 - Prob. 47ESCh. 13.2 - Prob. 48ESCh. 13.2 - Prob. 49ESCh. 13.2 - Prob. 50ESCh. 13.2 - Prob. 51ESCh. 13.2 - Prob. 52ESCh. 13.2 - Prob. 53ESCh. 13.2 - Prob. 54ESCh. 13.2 - Prob. 55ESCh. 13.2 - Prob. 56ESCh. 13.3 - Prob. 1SRCh. 13.3 - Prob. 2SRCh. 13.3 - Prob. 1DECh. 13.3 - Prob. 2DECh. 13.3 - Prob. 3DECh. 13.3 - Prob. 4DECh. 13.3 - Prob. 5DECh. 13.3 - Prob. 6DECh. 13.3 - 7. Solve the system Ch. 13.3 - Prob. 8DECh. 13.3 - Prob. 9DECh. 13.3 - Prob. 10DECh. 13.3 - Prob. 11DECh. 13.3 - Prob. 1RCCh. 13.3 - Prob. 2RCCh. 13.3 - Prob. 3RCCh. 13.3 - Prob. 4RCCh. 13.3 - Prob. 5RCCh. 13.3 - Prob. 6RCCh. 13.3 - Prob. 1ESCh. 13.3 - Prob. 2ESCh. 13.3 - Prob. 3ESCh. 13.3 - Prob. 4ESCh. 13.3 - Prob. 5ESCh. 13.3 - Prob. 6ESCh. 13.3 - Prob. 7ESCh. 13.3 - Prob. 8ESCh. 13.3 - Prob. 9ESCh. 13.3 - Prob. 10ESCh. 13.3 - Prob. 11ESCh. 13.3 - Prob. 12ESCh. 13.3 - Prob. 13ESCh. 13.3 - Prob. 14ESCh. 13.3 - Prob. 15ESCh. 13.3 - Prob. 16ESCh. 13.3 - Prob. 17ESCh. 13.3 - Prob. 18ESCh. 13.3 - Prob. 19ESCh. 13.3 - Prob. 20ESCh. 13.3 - Prob. 21ESCh. 13.3 - Prob. 22ESCh. 13.3 - Prob. 23ESCh. 13.3 - Prob. 24ESCh. 13.3 - Prob. 25ESCh. 13.3 - Prob. 26ESCh. 13.3 - Prob. 27ESCh. 13.3 - Prob. 28ESCh. 13.3 - Prob. 29ESCh. 13.3 - Prob. 30ESCh. 13.3 - Prob. 31ESCh. 13.3 - Prob. 32ESCh. 13.3 - Prob. 33ESCh. 13.3 - Prob. 34ESCh. 13.3 - Prob. 35ESCh. 13.3 - Prob. 36ESCh. 13.3 - Prob. 37ESCh. 13.3 - Prob. 38ESCh. 13.3 - Prob. 39ESCh. 13.3 - Prob. 40ESCh. 13.3 - Prob. 41ESCh. 13.3 - Prob. 42ESCh. 13.3 - Prob. 43ESCh. 13.3 - Prob. 44ESCh. 13.3 - Prob. 45ESCh. 13.3 - Prob. 46ESCh. 13.3 - Prob. 47ESCh. 13.3 - Prob. 48ESCh. 13.3 - Prob. 49ESCh. 13.3 - Prob. 50ESCh. 13.3 - Prob. 51ESCh. 13.3 - Prob. 52ESCh. 13.3 - Prob. 53ESCh. 13.3 - Prob. 54ESCh. 13.3 - Prob. 55ESCh. 13.3 - Prob. 56ESCh. 13.3 - Prob. 57ESCh. 13.3 - Prob. 58ESCh. 13.3 - Prob. 59ESCh. 13.3 - Prob. 60ESCh. 13.3 - Prob. 61ESCh. 13.3 - Prob. 62ESCh. 13.3 - Prob. 1MCRCh. 13.3 - Prob. 2MCRCh. 13.3 - Prob. 3MCRCh. 13.3 - Prob. 4MCRCh. 13.3 - Prob. 5MCRCh. 13.3 - Prob. 6MCRCh. 13.3 - Prob. 7MCRCh. 13.3 - Prob. 8MCRCh. 13.3 - Prob. 9MCRCh. 13.3 - Prob. 10MCRCh. 13.3 - Prob. 11MCRCh. 13.3 - Prob. 12MCRCh. 13.3 - Prob. 13MCRCh. 13.3 - Prob. 14MCRCh. 13.3 - Prob. 15MCRCh. 13.3 - Prob. 16MCRCh. 13.3 - Prob. 17MCRCh. 13.3 - Prob. 18MCRCh. 13.3 - Prob. 19MCRCh. 13.3 - Prob. 20MCRCh. 13.3 - Prob. 21MCRCh. 13.3 - Prob. 22MCRCh. 13.3 - Prob. 23MCRCh. 13.3 - Prob. 24MCRCh. 13.3 - Prob. 25MCRCh. 13.3 - Prob. 26UTDWCh. 13.3 - Prob. 27UTDWCh. 13.3 - Prob. 28UTDWCh. 13.3 - Prob. 29UTDWCh. 13.4 - Prob. 1SRCh. 13.4 - Prob. 2SRCh. 13.4 - Prob. 1DECh. 13.4 - Prob. 2DECh. 13.4 - Prob. 3DECh. 13.4 - Prob. 4DECh. 13.4 - Prob. 5DECh. 13.4 - Prob. 1RCCh. 13.4 - Prob. 2RCCh. 13.4 - Prob. 3RCCh. 13.4 - Prob. 4RCCh. 13.4 - Solve. Assignments. The professor teaching...Ch. 13.4 - Prob. 2ESCh. 13.4 - Prob. 3ESCh. 13.4 - Prob. 4ESCh. 13.4 - Prob. 5ESCh. 13.4 - Prob. 6ESCh. 13.4 - Prob. 7ESCh. 13.4 - Solve. 8. Basketball Scoring. Tony Parker of the...Ch. 13.4 - Prob. 9ESCh. 13.4 - Prob. 10ESCh. 13.4 - Prob. 11ESCh. 13.4 - Prob. 12ESCh. 13.4 - Prob. 13ESCh. 13.4 - Prob. 14ESCh. 13.4 - Prob. 15ESCh. 13.4 - Prob. 16ESCh. 13.4 - Prob. 17ESCh. 13.4 - Solve. Coffee Blends. The Java Joint wishes to mix...Ch. 13.4 - Prob. 19ESCh. 13.4 - Prob. 20ESCh. 13.4 - Prob. 21ESCh. 13.4 - Prob. 22ESCh. 13.4 - Prob. 23ESCh. 13.4 - Prob. 24ESCh. 13.4 - Prob. 25ESCh. 13.4 - Prob. 26ESCh. 13.4 - Prob. 27ESCh. 13.4 - Prob. 28ESCh. 13.4 - Prob. 29ESCh. 13.4 - Prob. 30ESCh. 13.4 - Prob. 31ESCh. 13.4 - Prob. 32ESCh. 13.4 - Prob. 33ESCh. 13.4 - Prob. 34ESCh. 13.4 - Prob. 35ESCh. 13.4 - Prob. 36ESCh. 13.4 - Prob. 37ESCh. 13.4 - Prob. 38ESCh. 13.4 - Prob. 39ESCh. 13.4 - Prob. 40ESCh. 13.4 - Prob. 41ESCh. 13.4 - Prob. 42ESCh. 13.4 - Prob. 43ESCh. 13.4 - Prob. 44ESCh. 13.4 - Prob. 45ESCh. 13.4 - Prob. 46ESCh. 13.4 - Prob. 47ESCh. 13.4 - Prob. 48ESCh. 13.4 - Prob. 49ESCh. 13.4 - Prob. 50ESCh. 13.4 - Prob. 51ESCh. 13.4 - Prob. 52ESCh. 13.4 - Prob. 53ESCh. 13.4 - Prob. 54ESCh. 13.4 - Automobile Maintenance. An automobile radiator...Ch. 13.4 - Prob. 56ESCh. 13.4 - Prob. 57ESCh. 13.5 - Prob. 1SRCh. 13.5 - Prob. 2SRCh. 13.5 - Prob. 1DECh. 13.5 - Prob. 2DECh. 13.5 - Prob. 3DECh. 13.5 - Prob. 4DECh. 13.5 - Prob. 1TFSCh. 13.5 - Prob. 2TFSCh. 13.5 - Prob. 3TFSCh. 13.5 - Prob. 4TFSCh. 13.5 - Prob. 5TFSCh. 13.5 - Prob. 6TFSCh. 13.5 - Prob. 7TFSCh. 13.5 - Prob. 8TFSCh. 13.5 - Prob. 9TFSCh. 13.5 - Prob. 10TFSCh. 13.5 - Prob. 1RCCh. 13.5 - Prob. 2RCCh. 13.5 - Prob. 3RCCh. 13.5 - Prob. 4RCCh. 13.5 - Prob. 1ESCh. 13.5 - Solve. In Exercises 1-6, complete the chart to aid...Ch. 13.5 - Prob. 3ESCh. 13.5 - Prob. 4ESCh. 13.5 - Prob. 5ESCh. 13.5 - Prob. 6ESCh. 13.5 - Prob. 7ESCh. 13.5 - Prob. 8ESCh. 13.5 - Prob. 9ESCh. 13.5 - Prob. 10ESCh. 13.5 - Prob. 11ESCh. 13.5 - Prob. 12ESCh. 13.5 - Prob. 13ESCh. 13.5 - Prob. 14ESCh. 13.5 - Prob. 15ESCh. 13.5 - Prob. 16ESCh. 13.5 - Prob. 17ESCh. 13.5 - Prob. 18ESCh. 13.5 - Prob. 19ESCh. 13.5 - Prob. 20ESCh. 13 - Complete each statement with the correct term from...Ch. 13 - Prob. 2VRCh. 13 - Prob. 3VRCh. 13 - Prob. 4VRCh. 13 - Prob. 5VRCh. 13 - Prob. 6VRCh. 13 - Prob. 1CORCh. 13 - Prob. 2CORCh. 13 - Prob. 3CORCh. 13 - Prob. 4CORCh. 13 - Prob. 1SGPECh. 13 - Prob. 2SGPECh. 13 - Prob. 3SGPECh. 13 - Prob. 4SGPECh. 13 - Prob. 1RECh. 13 - Prob. 2RECh. 13 - Prob. 3RECh. 13 - Prob. 4RECh. 13 - Prob. 5RECh. 13 - Prob. 6RECh. 13 - Prob. 7RECh. 13 - Prob. 8RECh. 13 - Prob. 9RECh. 13 - Prob. 10RECh. 13 - Prob. 11RECh. 13 - Prob. 12RECh. 13 - Prob. 13RECh. 13 - Prob. 14RECh. 13 - Prob. 15RECh. 13 - Prob. 16RECh. 13 - Prob. 17RECh. 13 - Prob. 18RECh. 13 - Prob. 19RECh. 13 - Prob. 20RECh. 13 - Prob. 21RECh. 13 - Prob. 22RECh. 13 - Solve. [ 13.2c ],[ 13.4a ] Rectangle Dimensions....Ch. 13 - Prob. 24RECh. 13 - Solve. [ 13.2c ],[ 13.4a ] Window Cleaner. Clear...Ch. 13 - Solve. [ 13.2c ],[ 13.4a ] Weights of Elephants. A...Ch. 13 - Prob. 27RECh. 13 - Prob. 28RECh. 13 - Prob. 29RECh. 13 - Prob. 30RECh. 13 - Prob. 31RECh. 13 - Solve. 32. Air Travel. An airplane flew for 4 hr...Ch. 13 - Solve. [ 13.5a ] Car Travel. One car leaves...Ch. 13 - Prob. 34RECh. 13 - Prob. 35RECh. 13 - Prob. 36RECh. 13 - Prob. 37RECh. 13 - Prob. 38RECh. 13 - Prob. 39RECh. 13 - Ancient Chinese Math Problem. Several ancient...Ch. 13 - Prob. 1UTDWCh. 13 - Prob. 2UTDWCh. 13 - Prob. 3UTDWCh. 13 - Discuss the advantages of using a chart to...Ch. 13 - Prob. 1TCh. 13 - Prob. 2TCh. 13 - Prob. 3TCh. 13 - Prob. 4TCh. 13 - Prob. 5TCh. 13 - Prob. 6TCh. 13 - Prob. 7TCh. 13 - Prob. 8TCh. 13 - Prob. 9TCh. 13 - Prob. 10TCh. 13 - Solve. 11. Mixture of Solutions. Solution A is 25%...Ch. 13 - Prob. 12TCh. 13 - Solve. 13. Carnival Income. A traveling carnival...Ch. 13 - Prob. 14TCh. 13 - Prob. 15TCh. 13 - Prob. 16TCh. 13 - Prob. 17TCh. 13 - Prob. 18TCh. 13 - Prob. 19TCh. 13 - Prob. 20TCh. 13 - Prob. 21TCh. 13 - Prob. 22T
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