Statistics: The Art and Science of Learning from Data (4th Edition)
4th Edition
ISBN: 9780321997838
Author: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Publisher: PEARSON
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Question
Chapter 15, Problem 26CP
a.
To determine
State the appropriate hypotheses for conducting one sided hypothesis test.
Identify and interpret the P–value.
b.
To determine
Compare the results of part (a) and Exercise 15.12.
Check whether outliers have an effect on this non-parametric statistical method.
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In a survey of a group of men, the heights in the 20-29 age group were normally distributed, with a mean of 69.6 inches
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20
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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 15 Solutions
Statistics: The Art and Science of Learning from Data (4th Edition)
Ch. 15.1 - Prob. 1PBCh. 15.1 - Prob. 2PBCh. 15.1 - Prob. 3PBCh. 15.1 - Prob. 4PBCh. 15.1 - Prob. 5PBCh. 15.1 - Prob. 6PBCh. 15.1 - Prob. 7PBCh. 15.2 - How long do you tolerate being put on hold?...Ch. 15.2 - Prob. 9PBCh. 15.2 - Prob. 10PB
Ch. 15.2 - Cell phones and reaction times Example 13 in...Ch. 15.2 - Sign lest for GRR scores Consider Example 8, for...Ch. 15.2 - Prob. 13PBCh. 15.2 - More on blood pressure Refer to the previous...Ch. 15.2 - Prob. 15PBCh. 15.2 - Prob. 16PBCh. 15 - Car bumper damage An automobile company compares...Ch. 15 - Comparing more bumpers Refer to the previous...Ch. 15 - Telephone holding times In Exercise 15.8, the...Ch. 15 - Treating alcoholics The nonparametric statistics...Ch. 15 - Comparing tans Examples 1 and 2 compared two...Ch. 15 - Comparing therapies for anorexia The Anorexia data...Ch. 15 - Internet versus cell phones For the countries in...Ch. 15 - Prob. 24CPCh. 15 - GPAs The Georgia Student Survey data file has data...Ch. 15 - Prob. 26CPCh. 15 - Prob. 27CPCh. 15 - Student survey For the FL Student Survey data file...Ch. 15 - Prob. 29CPCh. 15 - Prob. 30CPCh. 15 - Complete the analogy The t test for comparing two...Ch. 15 - Prob. 32CPCh. 15 - True or false For a one-sided significance test...Ch. 15 - Multiple choice Nonparametric statistical methods...Ch. 15 - Prob. 35CPCh. 15 - Prob. 36CPCh. 15 - Prob. 37CP
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