Intro Stats, Books a la Carte Edition (5th Edition)
5th Edition
ISBN: 9780134210285
Author: Richard D. De Veaux, Paul Velleman, David E. Bock
Publisher: PEARSON
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Chapter 2, Problem 80E
a.
To determine
Comment on the display of final grades.
b.
To determine
Describe the distribution of grades.
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Could you please answer this question using excel.Thanks
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.
Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values. Then calculate
it again, letting Row 2 represent the x-values and Row 1 the y-values. What effect does switching the variables have
on r?
Row 1
Row 2
13
149
25
36
41
60
62
78
S
205
122
195
173
133
197
24
Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values.
r=0.164 (Round to three decimal places as needed.)
S
24
Chapter 2 Solutions
Intro Stats, Books a la Carte Edition (5th Edition)
Ch. 2.3 - You may be surprised to find that you already have...Ch. 2.3 - You may be surprised to find that you already have...Ch. 2.3 - You may be surprised to find that you already have...Ch. 2.3 - Prob. 4JCCh. 2.3 - Prob. 5JCCh. 2.5 - The U.S. Census Bureau reports the median family...Ch. 2.5 - Prob. 7JCCh. 2.5 - Prob. 8JCCh. 2 - SECTION 2.1 1. Automobile fatalities The table...Ch. 2 - Nonoccupant fatalities The frequencies of traffic...
Ch. 2 - Prob. 3ECh. 2 - Movie ratings The Motion Picture Association of...Ch. 2 - Prob. 5ECh. 2 - Marriage in decline Changing attitudes about...Ch. 2 - Traffic fatalities 2013 Here are two histograms...Ch. 2 - Prob. 8ECh. 2 - Prob. 9ECh. 2 - Prob. 10ECh. 2 - E-mails A university teacher saved every e-mail...Ch. 2 - Adoptions The U.S. Census Bureau keeps track of...Ch. 2 - Biceps revisited Describe the shape of the...Ch. 2 - E-mails II For the distribution of e-mails sent by...Ch. 2 - Life expectancy Here are the life expectancies at...Ch. 2 - Prob. 16ECh. 2 - Life expectancy II For the 146 life expectancies...Ch. 2 - Adoptions II For the number of adoptions in...Ch. 2 - How big is your bicep II? For the bicep...Ch. 2 - Shoe sizes II For the shoe sizes in Exercise 16,...Ch. 2 - SECTION 2.5 21. Life expectancy III For the 190...Ch. 2 - Prob. 22ECh. 2 - How big is your bicep III? For the bicep...Ch. 2 - Prob. 24ECh. 2 - Thinking about shape Would you expect...Ch. 2 - More shapes Would you expect distributions of...Ch. 2 - Movie genres again Here is a bar chart summarizing...Ch. 2 - Prob. 36ECh. 2 - Prob. 37ECh. 2 - Prob. 38ECh. 2 - Prob. 39ECh. 2 - Prob. 40ECh. 2 - Prob. 41ECh. 2 - Prob. 42ECh. 2 - Prob. 43ECh. 2 - Modalities A survey of athletic trainers asked...Ch. 2 - Cereals The histogram shows the carbohydrate...Ch. 2 - Run times One of the authors collected the times...Ch. 2 - Heart attack stays The histogram shows the lengths...Ch. 2 - Bird species 2013 The Cornell Lab of Ornithology...Ch. 2 - Super Bowl points 2016 How many points do football...Ch. 2 - Prob. 50ECh. 2 - Test scores, large class Test scores from a large...Ch. 2 - Prob. 52ECh. 2 - Mistake A clerk entering salary data into a...Ch. 2 - Sick days During contract negotiations, a company...Ch. 2 - Prob. 55ECh. 2 - Tornadoes 2015 Here are the annual numbers of...Ch. 2 - Prob. 57ECh. 2 - Tornadoes 2015 II Using the data from Exercise 56,...Ch. 2 - Pizza prices The histogram shows the distribution...Ch. 2 - Neck size The histogram shows the neck sizes (in...Ch. 2 - Pizza prices again Look again at the histogram of...Ch. 2 - Neck sizes again Look again at the histogram of...Ch. 2 - Movie lengths 2010 The histogram shows the running...Ch. 2 - Golf drives 2015 The display shows the average...Ch. 2 - Prob. 65ECh. 2 - Golf drives II 2015 Exercise 64 looked at...Ch. 2 - Prob. 67ECh. 2 - Cold weather A meteorologist preparing a talk...Ch. 2 - Gasoline 2014 In January 2014, 16 gas stations in...Ch. 2 - The great one During his 20 seasons in the NHL,...Ch. 2 - Prob. 71ECh. 2 - Prob. 72ECh. 2 - Prob. 73ECh. 2 - Prob. 74ECh. 2 - Prob. 75ECh. 2 - Prob. 76ECh. 2 - Acid rain Two researchers measured the pH (a scale...Ch. 2 - Marijuana 2015 In 2015 the Council of Europe...Ch. 2 - Prob. 79ECh. 2 - Prob. 80ECh. 2 - Prob. 81ECh. 2 - ZIP codes revisited Here are some summary...Ch. 2 - Prob. 83ECh. 2 - Prob. 84ECh. 2 - Prob. 85E
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