Mathematical Statistics with Applications
7th Edition
ISBN: 9780495110811
Author: Dennis Wackerly, William Mendenhall, Richard L. Scheaffer
Publisher: Cengage Learning
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Textbook Question
Chapter 13.7, Problem 20E
Refer to Examples 13.2 and 13.3.
a Use the portion of the data in Table 13.2 that deals only with teaching technique 1 and the method of Section 8.8 to form a 95% confidence interval for the
b How does the length of the 95% confidence interval that you found in part (a) compare to the length of the 95% confidence interval obtained in Example 13.3?
c What is the major reason that the interval that you found in part (a) is longer than the interval given in Example 13.3?
Table 13.2 Data for Example 13.2
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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.
(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
Mathematical Statistics with Applications
Ch. 13.2 - The reaction times for two different stimuli in a...Ch. 13.2 - Prob. 2ECh. 13.4 - State the assumptions underlying the ANOVA of a...Ch. 13.4 - Prob. 4ECh. 13.4 - Prob. 5ECh. 13.4 - Suppose that independent samples of sizes n1, n2,,...Ch. 13.4 - Four chemical plants, producing the same products...Ch. 13.4 - Prob. 8ECh. 13.4 - Prob. 9ECh. 13.4 - A clinical psychologist wished to compare three...
Ch. 13.4 - It is believed that women in the postmenopausal...Ch. 13.4 - If vegetables intended for human consumption...Ch. 13.4 - One portion of the research described in a paper...Ch. 13.4 - The Florida Game and Fish Commission desires to...Ch. 13.4 - Prob. 15ECh. 13.4 - An experiment was conducted to examine the effect...Ch. 13.5 - Prob. 17ECh. 13.5 - Refer to Exercise 13.17 and consider YiYi for i ...Ch. 13.5 - Refer to the statistical model for the one-way...Ch. 13.7 - Refer to Examples 13.2 and 13.3. a Use the portion...Ch. 13.7 - Refer to Examples 13.2 and 13.4. a Use the portion...Ch. 13.7 - a Based on your answers to Exercises 13.20 and...Ch. 13.7 - Refer to Exercise 13.7. a Construct a 95%...Ch. 13.7 - Prob. 24ECh. 13.7 - Prob. 25ECh. 13.7 - Prob. 26ECh. 13.7 - Prob. 27ECh. 13.7 - Prob. 28ECh. 13.7 - Prob. 29ECh. 13.7 - Prob. 30ECh. 13.7 - Prob. 31ECh. 13.7 - Prob. 32ECh. 13.7 - Prob. 33ECh. 13.7 - Prob. 34ECh. 13.7 - Prob. 35ECh. 13.8 - Prob. 36ECh. 13.8 - Prob. 37ECh. 13.8 - Prob. 38ECh. 13.8 - Prob. 39ECh. 13.8 - Prob. 40ECh. 13.9 - Prob. 41ECh. 13.9 - The accompanying table presents data on yields...Ch. 13.9 - Refer to Exercise 13.42. Why was a randomized...Ch. 13.9 - Prob. 44ECh. 13.9 - Prob. 45ECh. 13.9 - Prob. 46ECh. 13.9 - Prob. 47ECh. 13.9 - Prob. 48ECh. 13.9 - Prob. 49ECh. 13.9 - Prob. 50ECh. 13.9 - Prob. 51ECh. 13.10 - Prob. 52ECh. 13.10 - Prob. 53ECh. 13.10 - Prob. 54ECh. 13.10 - Refer to Exercise 13.46. Construct a 95%...Ch. 13.10 - Prob. 56ECh. 13.10 - Prob. 57ECh. 13.11 - Prob. 58ECh. 13.11 - Prob. 59ECh. 13.11 - Prob. 60ECh. 13.11 - Prob. 61ECh. 13.11 - Prob. 62ECh. 13.12 - Prob. 63ECh. 13.12 - Prob. 64ECh. 13.12 - Prob. 65ECh. 13.12 - Prob. 66ECh. 13.12 - Prob. 67ECh. 13.12 - Prob. 68ECh. 13.13 - Prob. 69ECh. 13.13 - Prob. 70ECh. 13.13 - Refer to Exercise 13.42. Answer part (a) by...Ch. 13.13 - Refer to Exercise 13.45. Answer part (b) by...Ch. 13 - Prob. 73SECh. 13 - Prob. 74SECh. 13 - Prob. 75SECh. 13 - Prob. 77SECh. 13 - A study was initiated to investigate the effect of...Ch. 13 - Prob. 79SECh. 13 - A dealer has in stock three cars (models A, B, and...Ch. 13 - In the hope of attracting more riders, a city...Ch. 13 - Prob. 84SECh. 13 - Prob. 85SECh. 13 - Prob. 86SECh. 13 - Prob. 87SECh. 13 - Prob. 88SECh. 13 - Prob. 89SECh. 13 - Prob. 90SECh. 13 - Prob. 92SECh. 13 - Prob. 94SE
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