Intro Stats
4th Edition
ISBN: 9780321826275
Author: Richard D. De Veaux
Publisher: PEARSON
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Chapter 22, Problem 29E
a.
To determine
Calculate the standardized residual for the epidural/no breastfeeding cell.
b.
To determine
Give conclusion based on standardized residuals for the data.
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Let X represent the full height of a certain species of tree. Assume that X has a normal probability distribution with mean 203.8 ft and standard deviation 43.8 ft.
You intend to measure a random sample of n = 211trees. The bell curve below represents the distribution of these sample means. The scale on the horizontal axis (each tick mark) is one standard error of the sampling distribution. Complete the indicated boxes, correct to two decimal places.
Image attached. I filled in the yellow boxes and am not sure why they are wrong. There are 3 yellow boxes filled in with values 206.82; 209.84; 212.86.
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.
Chapter 22 Solutions
Intro Stats
Ch. 22.3 - Why do we need the control group?Ch. 22.3 - Prob. 2JCCh. 22.3 - Prob. 3JCCh. 22.3 - Prob. 4JCCh. 22.3 - Prob. 5JCCh. 22.3 - Prob. 6JCCh. 22.4 - Prob. 7JCCh. 22.4 - Prob. 8JCCh. 22.4 - Prob. 9JCCh. 22 - Human births If there is no seasonal effect on...
Ch. 22 - Bank cards At a major credit card bank, the...Ch. 22 - Prob. 3ECh. 22 - Prob. 4ECh. 22 - Customer ages An analyst at a local bank wonders...Ch. 22 - Bank cards, once more A market researcher working...Ch. 22 - Human births, last time For the data in Exercise...Ch. 22 - Prob. 8ECh. 22 - Prob. 9ECh. 22 - Prob. 10ECh. 22 - Prob. 11ECh. 22 - Prob. 12ECh. 22 - Dice After getting trounced by your little brother...Ch. 22 - MMs As noted in an earlier chapter, Mars Inc. says...Ch. 22 - Nuts A company says its premium mixture of nuts...Ch. 22 - Prob. 16ECh. 22 - NYPD and race Census data for New York City...Ch. 22 - Violence against women In its study When Men...Ch. 22 - Fruit flies Offspring of certain fruit flies may...Ch. 22 - Prob. 20ECh. 22 - Prob. 21ECh. 22 - Lottery numbers The fairness of the South African...Ch. 22 - Prob. 23ECh. 22 - Prob. 24ECh. 22 - Childbirth, part 2 In Exercise 23, the table shows...Ch. 22 - Prob. 26ECh. 22 - Prob. 27ECh. 22 - Prob. 28ECh. 22 - Prob. 29ECh. 22 - Does your doctor know? (part 4) In Exercises 24,...Ch. 22 - Prob. 31ECh. 22 - Prob. 32ECh. 22 - 33. Titanic Here is a table we first saw in...Ch. 22 - NYPD The table below shows the rank attained by...Ch. 22 - Prob. 35ECh. 22 - NYPD again Examine and comment on this table of...Ch. 22 - Cranberry juice Its common folk wisdom that...Ch. 22 - Prob. 38ECh. 22 - Montana A poll conducted by the University of...Ch. 22 - 40. Fish diet Medical researchers followed 6272...Ch. 22 - Prob. 41ECh. 22 - Working parents In April 2009, Gallup published...Ch. 22 - Grades Two different professors teach an...Ch. 22 - Full moon Some people believe that a full moon...Ch. 22 - Grades, again In some situations where the...Ch. 22 - Full moon, next phase In Exercise 44, you found...Ch. 22 - Racial steering A subtle form of racial...Ch. 22 - 48. Titanic, redux Newspaper headlines at the...Ch. 22 - Prob. 49ECh. 22 - Prob. 50ECh. 22 - Prob. 51ECh. 22 - Education by age Use the survey results in the...
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