Basic Technical Mathematics
11th Edition
ISBN: 9780134437705
Author: Washington
Publisher: PEARSON
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Chapter 22.6, Problem 8E
To determine
The equation of the least-squares line for the data, and graph of the line along with the data points.
The predicted speed when the force is 15.0 N and check whether it is interpolation or extrapolation and explain whether it is interpolation or extrapolation.
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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 22 Solutions
Basic Technical Mathematics
Ch. 22.1 - In Example 3, change the class limits to 1.0, 2.0,...Ch. 22.1 - Prob. 2ECh. 22.1 - In Exercises 3-6, indicate whether the variable is...Ch. 22.1 - In Exercises 3-6, indicate whether the variable is...Ch. 22.1 - In Exercises 3-6, indicate whether the variable is...Ch. 22.1 - In Exercises 3-6, indicate whether the variable is...Ch. 22.1 - In Exercises 7-10, use the following data. In a...Ch. 22.1 - In Exercises 7-10, use the following data. In a...Ch. 22.1 - In Exercises 7–10, use the following data. In a...Ch. 22.1 - In Exercises 7–10, use the following data. In a...
Ch. 22.1 - In Exercises 11–14, use the following data. In a...Ch. 22.1 - In Exercises 11–14, use the following data. In a...Ch. 22.1 - In Exercises 11–14, use the following data. In a...Ch. 22.1 - In Exercises 11–14, use the following data. In a...Ch. 22.1 - In Exercises 15–18, use the following data. In...Ch. 22.1 - In Exercises 15–18, use the following data. In...Ch. 22.1 - In Exercises 15-18, use the following data. In...Ch. 22.1 - In Exercises 15-18, use the following data. In...Ch. 22.1 - In Exercises 19-24, use the following data. In a...Ch. 22.1 - In Exercises 19-24, use the following data. In a...Ch. 22.1 - In Exercises 19-24, use the following data. In a...Ch. 22.1 - In Exercises 19-24, use the following data. In a...Ch. 22.1 - In Exercises 19-24, use the following data. In a...Ch. 22.1 - In Exercises 19-24, use the following data. In a...Ch. 22.1 - In Exercises 25 and 26, use the following data....Ch. 22.1 - In Exercises 25 and 26, use the following data....Ch. 22.1 - In Exercises 27 and 28, use the following data....Ch. 22.1 - In Exercises 27 and 28, use the following data....Ch. 22.1 - The data in the table show the global mean...Ch. 22.1 - The data in the following table show the...Ch. 22.2 - For the following numbers, find the indicated...Ch. 22.2 - For the following numbers, find the indicated...Ch. 22.2 - For the following numbers, find the indicated...Ch. 22.2 - Prob. 1ECh. 22.2 - Prob. 2ECh. 22.2 - Prob. 3ECh. 22.2 - In Exercises 1–4, delete the 5 from the data...Ch. 22.2 - In Exercises 5–16, use the following sets of...Ch. 22.2 - In Exercises 5–16, use the following sets of...Ch. 22.2 - In Exercises 5–16, use the following sets of...Ch. 22.2 - In Exercises 5–16, use the following sets of...Ch. 22.2 - In Exercises 5–16, use the following sets of...Ch. 22.2 - In Exercises 5–16, use the following sets of...Ch. 22.2 - Prob. 11ECh. 22.2 - Prob. 12ECh. 22.2 - Prob. 13ECh. 22.2 - Prob. 14ECh. 22.2 - Prob. 15ECh. 22.2 - Prob. 16ECh. 22.2 - In Exercises 17-34, the required data are those in...Ch. 22.2 - In Exercises 17-34, the required data are those in...Ch. 22.2 - In Exercises 17–34, the required data are those in...Ch. 22.2 - In Exercises 17–34, the required data are those in...Ch. 22.2 - Prob. 21ECh. 22.2 - Prob. 22ECh. 22.2 - Prob. 23ECh. 22.2 - Prob. 24ECh. 22.2 - Prob. 25ECh. 22.2 - Prob. 26ECh. 22.2 - In Exercises 17–34, the required data are those in...Ch. 22.2 - Prob. 28ECh. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - In Exercises 29–42, find the indicated measure of...Ch. 22.2 - Add $100 to each of the salaries in Exercise 29....Ch. 22.2 - Multiply each of the salaries in Exercise 29 by 2....Ch. 22.2 - Change the final salary in Exercise 29 to $4000,...Ch. 22.2 - Find the median and mode of the salaries indicated...Ch. 22.3 - Find the standard deviation of the first eight...Ch. 22.3 - Prob. 1ECh. 22.3 - Prob. 2ECh. 22.3 - Prob. 3ECh. 22.3 - Prob. 4ECh. 22.3 - Prob. 5ECh. 22.3 - Prob. 6ECh. 22.3 - Prob. 7ECh. 22.3 - In Exercises 3–14, use the following sets of...Ch. 22.3 - Prob. 9ECh. 22.3 - Prob. 10ECh. 22.3 - Prob. 11ECh. 22.3 - Prob. 12ECh. 22.3 - Prob. 13ECh. 22.3 - Prob. 14ECh. 22.3 - Prob. 15ECh. 22.3 - Prob. 16ECh. 22.3 - Prob. 17ECh. 22.3 - Prob. 18ECh. 22.3 - Prob. 19ECh. 22.3 - Prob. 20ECh. 22.3 - Prob. 21ECh. 22.3 - Prob. 22ECh. 22.4 - Prob. 1PECh. 22.4 - Prob. 2PECh. 22.4 - Prob. 1ECh. 22.4 - In Exercises 1–4, make the given changes in the...Ch. 22.4 - Prob. 3ECh. 22.4 - Prob. 4ECh. 22.4 - Prob. 5ECh. 22.4 - Prob. 6ECh. 22.4 - Prob. 7ECh. 22.4 - In Exercises 5–8, use the following information....Ch. 22.4 -
In Exercises 9–12, use the following information....Ch. 22.4 -
In Exercises 9–12, use the following information....Ch. 22.4 -
In Exercises 9–12, use the following information....Ch. 22.4 -
In Exercises 9–12, use the following information....Ch. 22.4 -
In Exercises 13–16, use the following data. It...Ch. 22.4 -
In Exercises 13–16, use the following data. It...Ch. 22.4 -
In Exercises 13–16, use the following data. It...Ch. 22.4 -
In Exercises 13–16, use the following data. It...Ch. 22.4 -
In Exercises 17–24, use the following data. The...Ch. 22.4 - Prob. 18ECh. 22.4 - Prob. 19ECh. 22.4 - Prob. 20ECh. 22.4 -
In Exercises 17–24, use the following data. The...Ch. 22.4 - Prob. 22ECh. 22.4 - Prob. 23ECh. 22.4 - Prob. 24ECh. 22.4 -
In Exercises 25–30, solve the given problems,
25....Ch. 22.4 - Prob. 26ECh. 22.4 - Prob. 27ECh. 22.4 - Prob. 28ECh. 22.4 - Prob. 29ECh. 22.4 - Prob. 30ECh. 22.5 - Is either the mean or range affected if subgroup...Ch. 22.5 - Prob. 2PECh. 22.5 - Prob. 1ECh. 22.5 - Prob. 2ECh. 22.5 - Prob. 3ECh. 22.5 - Prob. 4ECh. 22.5 - Prob. 5ECh. 22.5 - Prob. 6ECh. 22.5 - Prob. 7ECh. 22.5 - Prob. 8ECh. 22.5 - In Exercise 9–12, use the following data.
Five AC...Ch. 22.5 - In Exercise 9–12, use the following data.
Five AC...Ch. 22.5 - Prob. 11ECh. 22.5 - Prob. 12ECh. 22.5 - Prob. 13ECh. 22.5 - Prob. 14ECh. 22.5 - Prob. 15ECh. 22.5 - In Exercises 13–16, use the following...Ch. 22.5 - In Exercises 17 and 18, use the following data.
A...Ch. 22.5 - Prob. 18ECh. 22.5 - Prob. 19ECh. 22.5 - Prob. 20ECh. 22.6 - In Exercises 1–14, find the equation of the...Ch. 22.6 - EXERCISE 22.6
In Exercises 1–14, find the equation...Ch. 22.6 - EXERCISE 22.6
In Exercises 1–14, find the equation...Ch. 22.6 - Prob. 4ECh. 22.6 - Prob. 5ECh. 22.6 - Prob. 6ECh. 22.6 - Prob. 7ECh. 22.6 - Prob. 8ECh. 22.6 - Prob. 9ECh. 22.6 - Prob. 10ECh. 22.6 - Prob. 11ECh. 22.6 - Prob. 12ECh. 22.6 - Prob. 13ECh. 22.6 - Prob. 14ECh. 22.6 - Prob. 15ECh. 22.6 - Prob. 16ECh. 22.6 - Prob. 17ECh. 22.6 - Prob. 18ECh. 22.7 - Prob. 1ECh. 22.7 - Prob. 2ECh. 22.7 - Prob. 3ECh. 22.7 - Prob. 4ECh. 22.7 - Prob. 5ECh. 22.7 - Prob. 6ECh. 22.7 - Prob. 7ECh. 22.7 - Prob. 8ECh. 22.7 - Prob. 9ECh. 22.7 - Prob. 10ECh. 22.7 - Prob. 11ECh. 22.7 - Prob. 12ECh. 22 - Prob. 1RECh. 22 - Determine each of the following as being either...Ch. 22 - Determine each of the following as being either...Ch. 22 - Prob. 4RECh. 22 - Prob. 5RECh. 22 - Prob. 6RECh. 22 - Prob. 7RECh. 22 - Prob. 8RECh. 22 - Prob. 9RECh. 22 - Prob. 10RECh. 22 - Prob. 11RECh. 22 - Prob. 12RECh. 22 - Prob. 13RECh. 22 - Prob. 14RECh. 22 - Prob. 15RECh. 22 - Prob. 16RECh. 22 - Prob. 17RECh. 22 - Prob. 18RECh. 22 - Prob. 19RECh. 22 - Prob. 20RECh. 22 - Prob. 21RECh. 22 - Prob. 22RECh. 22 - Prob. 23RECh. 22 - Prob. 24RECh. 22 - Prob. 25RECh. 22 - Prob. 26RECh. 22 - Prob. 27RECh. 22 - Prob. 28RECh. 22 - Prob. 29RECh. 22 - Prob. 30RECh. 22 - Prob. 31RECh. 22 - Prob. 32RECh. 22 - Prob. 33RECh. 22 - Prob. 34RECh. 22 - Prob. 35RECh. 22 - Prob. 36RECh. 22 - Prob. 37RECh. 22 - Prob. 38RECh. 22 - Prob. 39RECh. 22 - Prob. 40RECh. 22 - Prob. 41RECh. 22 - Prob. 42RECh. 22 - Prob. 43RECh. 22 - Prob. 44RECh. 22 - Prob. 45RECh. 22 - Prob. 46RECh. 22 - Prob. 47RECh. 22 - Prob. 48RECh. 22 - Prob. 49RECh. 22 - Prob. 50RECh. 22 - Prob. 51RECh. 22 - Prob. 52RECh. 22 - Prob. 53RECh. 22 - Prob. 54RECh. 22 - Prob. 55RECh. 22 - Prob. 56RECh. 22 - Prob. 57RECh. 22 - Prob. 58RECh. 22 - Prob. 59RECh. 22 - Prob. 60RECh. 22 - Prob. 61RECh. 22 - Prob. 1PTCh. 22 - Prob. 2PTCh. 22 - Prob. 3PTCh. 22 - Prob. 4PTCh. 22 - Prob. 5PTCh. 22 - Prob. 6PTCh. 22 - Prob. 7PTCh. 22 - Prob. 8PTCh. 22 - Prob. 9PTCh. 22 - In Problems 9–11, use the following information....Ch. 22 - Prob. 11PTCh. 22 - Prob. 12PTCh. 22 - Prob. 13PTCh. 22 - Prob. 14PT
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