Mathematics for the Trades: A Guided Approach (11th Edition) (What's New in Trade Math)
11th Edition
ISBN: 9780134756967
Author: Hal Saunders, Robert Carman
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 2.4, Problem 10BE
To determine
To subtract: The mixed fraction
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
+
Find the first five non-zero terms of the Taylor series for f(x) = sin(2x)
centered at 4π.
+
+
+
...
+
+
...
Find the first five non-zero terms of the Taylor series for f(x)
centered at x = 4.
=
1
x
+
+
+
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 2 Solutions
Mathematics for the Trades: A Guided Approach (11th Edition) (What's New in Trade Math)
Ch. 2.1 - What fraction of the box does the shaded region...Ch. 2.1 - Reduce 48 to lowest terms.Ch. 2.1 - Write as a mixed number. 174Ch. 2.1 - Write as a mixed number. 85Ch. 2.1 - Write as a mixed number. 118Ch. 2.1 - Write as a mixed number. 4016Ch. 2.1 - Write as a mixed number. 32Ch. 2.1 - Prob. 6AECh. 2.1 - Prob. 7AECh. 2.1 - Prob. 8AE
Ch. 2.1 - Write as a mixed number. 8032Ch. 2.1 - Write as a mixed number. 52Ch. 2.1 - Write as an improper fraction. 213Ch. 2.1 - Write as an improper fraction. 712Ch. 2.1 - Write as an improper fraction. 838Ch. 2.1 - Prob. 4BECh. 2.1 - Prob. 5BECh. 2.1 - Prob. 6BECh. 2.1 - Prob. 7BECh. 2.1 - Prob. 8BECh. 2.1 - Write as an improper fraction. 456Ch. 2.1 - Prob. 10BECh. 2.1 - Complete. 78=?16Ch. 2.1 - Complete. 34=?16Ch. 2.1 - Complete. 18=?64Ch. 2.1 - Prob. 4CECh. 2.1 - Complete. 114=?16Ch. 2.1 - Complete. 278=?32Ch. 2.1 - Prob. 7CECh. 2.1 - Complete. 1116=?32Ch. 2.1 - Prob. 9CECh. 2.1 - Prob. 10CECh. 2.1 - Prob. 11CECh. 2.1 - Prob. 12CECh. 2.1 - Write in lowest terms. 416Ch. 2.1 - Write in lowest terms. 46Ch. 2.1 - Write in lowest terms. 616Ch. 2.1 - Prob. 4DECh. 2.1 - Write in lowest terms. 410Ch. 2.1 - Prob. 6DECh. 2.1 - Prob. 7DECh. 2.1 - Prob. 8DECh. 2.1 - Prob. 9DECh. 2.1 - Prob. 10DECh. 2.1 - Prob. 11DECh. 2.1 - Write in lowest terms. 1035Ch. 2.1 - Prob. 13DECh. 2.1 - Prob. 14DECh. 2.1 - Write in lowest terms. 3824Ch. 2.1 - Prob. 1EECh. 2.1 - Prob. 2EECh. 2.1 - Prob. 3EECh. 2.1 - Prob. 4EECh. 2.1 - E. Which is larger? 78or56Ch. 2.1 - Prob. 6EECh. 2.1 - Prob. 7EECh. 2.1 - Prob. 8EECh. 2.1 - Prob. 9EECh. 2.1 - E. Which is larger? 312or274Ch. 2.1 - Prob. 11EECh. 2.1 - Prob. 12EECh. 2.1 - F. Practical Applications Carpentry An apprentice...Ch. 2.1 - F. Practical Applications Electrical Trades An...Ch. 2.1 - F. Practical Applications The numbers 227, 196,...Ch. 2.1 - F. Practical Applications Sheet Metal Trades Which...Ch. 2.1 - F. Practical Applications Plumbing Is it possible...Ch. 2.1 - F. Practical Applications Sheet Metal Trades...Ch. 2.1 - F. Practical Applications Printing A printer has...Ch. 2.1 - F. Practical Applications Machine Trades A...Ch. 2.1 - F. Practical Applications Landscaping Before it...Ch. 2.1 - F. Practical Applications Roofing A ridge beam...Ch. 2.1 - F. Practical Applications Construction A 34-in....Ch. 2.1 - Prob. 12FECh. 2.1 - F. Practical Applications General Trades The...Ch. 2.2 - What is half of 18?Ch. 2.2 - Write 2416 as a mixed number in lowest terms.Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms. 612Ch. 2.2 - Multiply and write the answer in lowest terms. 893Ch. 2.2 - Prob. 6AECh. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Multiply and write the answer in lowest terms....Ch. 2.2 - Prob. 19AECh. 2.2 - Prob. 20AECh. 2.2 - Prob. 21AECh. 2.2 - Prob. 22AECh. 2.2 - Prob. 23AECh. 2.2 - Prob. 24AECh. 2.2 - Prob. 25AECh. 2.2 - Prob. 1BECh. 2.2 - Prob. 2BECh. 2.2 - Prob. 3BECh. 2.2 - Prob. 4BECh. 2.2 - Find. 12 of 112Ch. 2.2 - Prob. 6BECh. 2.2 - Prob. 7BECh. 2.2 - Prob. 8BECh. 2.2 - Find. 43 of 34Ch. 2.2 - Prob. 10BECh. 2.2 - Prob. 11BECh. 2.2 - B. Find. 35of4Ch. 2.2 - B. Find. 716of6Ch. 2.2 - Prob. 14BECh. 2.2 - Prob. 15BECh. 2.2 - Prob. 16BECh. 2.2 - Practical Applications Flooring and Carpeting Find...Ch. 2.2 - Prob. 2CECh. 2.2 - Practical Applications Roofing Shingles are laid...Ch. 2.2 - Prob. 4CECh. 2.2 - Prob. 5CECh. 2.2 - Prob. 6CECh. 2.2 - Prob. 7CECh. 2.2 - Practical Applications Machine Trades What is the...Ch. 2.2 - Practical Applications Manufacturing How many...Ch. 2.2 - Practical Applications Plumbing A plumber cut...Ch. 2.2 - Practical Applications Machine Trades How far will...Ch. 2.2 - Practical Applications Landscaping A landscaping...Ch. 2.2 - Practical Applications Drafting If 38 in. on a...Ch. 2.2 - Practical Applications Manufacturing What is the...Ch. 2.2 - Practical Applications Machine Trades How long...Ch. 2.2 - Prob. 16CECh. 2.2 - Prob. 17CECh. 2.2 - Prob. 18CECh. 2.2 - Practical Applications Photography A photograph...Ch. 2.2 - Prob. 20CECh. 2.2 - Prob. 21CECh. 2.2 - Practical Applications Water/Wastewater Treatment...Ch. 2.2 - Prob. 23CECh. 2.2 - Practical Applications Plumbing To find the degree...Ch. 2.2 - Prob. 25CECh. 2.2 - Prob. 26CECh. 2.2 - Prob. 27CECh. 2.2 - Prob. 28CECh. 2.2 - Prob. 29CECh. 2.2 - Prob. 30CECh. 2.2 - Prob. 31CECh. 2.2 - C. Practical Applications Carpentry A carpenter is...Ch. 2.2 - C. Practical Applications Retail Merchandising...Ch. 2.3 - Prob. 1LCCh. 2.3 - Prob. 2LCCh. 2.3 - Prob. 1AECh. 2.3 - Prob. 2AECh. 2.3 - Prob. 3AECh. 2.3 - Prob. 4AECh. 2.3 - Prob. 5AECh. 2.3 - Prob. 6AECh. 2.3 - Prob. 7AECh. 2.3 - Prob. 8AECh. 2.3 - Prob. 9AECh. 2.3 - Prob. 10AECh. 2.3 - Prob. 11AECh. 2.3 - Prob. 12AECh. 2.3 - Prob. 13AECh. 2.3 - Prob. 14AECh. 2.3 - Prob. 15AECh. 2.3 - Prob. 16AECh. 2.3 - Prob. 17AECh. 2.3 - Prob. 18AECh. 2.3 - Prob. 19AECh. 2.3 - Prob. 20AECh. 2.3 - Prob. 21AECh. 2.3 - Prob. 22AECh. 2.3 - Prob. 23AECh. 2.3 - Divide and write the answer in lowest terms....Ch. 2.3 - Drafting How many feet are represented by a 4-in....Ch. 2.3 - Drafting If 14in. on a drawing represents 1 ft 0...Ch. 2.3 - Flooring and Carpeting How many boards 458 in....Ch. 2.3 - Construction How many supporting columns 8812in....Ch. 2.3 - Construction How many pieces of 12in. plywood are...Ch. 2.3 - Masonry The front side of a standard brick...Ch. 2.3 - Prob. 7BECh. 2.3 - Prob. 8BECh. 2.3 - Prob. 9BECh. 2.3 - Prob. 10BECh. 2.3 - Prob. 11BECh. 2.3 - Prob. 12BECh. 2.3 - Prob. 13BECh. 2.3 - Prob. 14BECh. 2.3 - Prob. 15BECh. 2.3 - Prob. 16BECh. 2.3 - Prob. 17BECh. 2.3 - Prob. 18BECh. 2.3 - Prob. 19BECh. 2.3 - Prob. 20BECh. 2.3 - Landscaping An agricultural supply yard sells...Ch. 2.4 - Write 18 as a product of its prime factors.Ch. 2.4 - What is the smallest number that 8 and 12 both...Ch. 2.4 - Prob. 1AECh. 2.4 - Add or subtract as shown. 512+1112Ch. 2.4 - Prob. 3AECh. 2.4 - Prob. 4AECh. 2.4 - Add or subtract as shown. 3414Ch. 2.4 - Prob. 6AECh. 2.4 - Prob. 7AECh. 2.4 - Add or subtract as shown. 512212Ch. 2.4 - Add or subtract as shown. 516+316+716Ch. 2.4 - Add or subtract as shown. 18+38+78Ch. 2.4 - Add or subtract as shown. 17838Ch. 2.4 - Add or subtract as shown. 39161516Ch. 2.4 - Add or subtract as shown. 14+12Ch. 2.4 - Add or subtract as shown. 716+38Ch. 2.4 - Add or subtract as shown. 58+112Ch. 2.4 - Add or subtract as shown. 512+316Ch. 2.4 - Add or subtract as shown. 1238Ch. 2.4 - Add or subtract as shown. 516332Ch. 2.4 - Add or subtract as shown. 151612Ch. 2.4 - Add or subtract as shown. 716132Ch. 2.4 - Add or subtract as shown. 35+18Ch. 2.4 - Add or subtract as shown. 23+45Ch. 2.4 - Add or subtract as shown. 7825Ch. 2.4 - Add or subtract as shown. 4914Ch. 2.4 - Add or subtract as shown. 12+1418Ch. 2.4 - Prob. 26AECh. 2.4 - Prob. 27AECh. 2.4 - Prob. 28AECh. 2.4 - Prob. 29AECh. 2.4 - Prob. 30AECh. 2.4 - Add or subtract as shown. 213+115Ch. 2.4 - Add or subtract as shown. 178+14Ch. 2.4 - Prob. 33AECh. 2.4 - Prob. 34AECh. 2.4 - Add or subtract as shown. 3152112Ch. 2.4 - Prob. 36AECh. 2.4 - Add or subtract as shown. 8278Ch. 2.4 - Prob. 2BECh. 2.4 - Prob. 3BECh. 2.4 - Add or subtract as shown. 12+13+14+15Ch. 2.4 - Prob. 5BECh. 2.4 - Prob. 6BECh. 2.4 - Prob. 7BECh. 2.4 - Prob. 8BECh. 2.4 - B. Add or subtract as shown. 2316lessthan478Ch. 2.4 - Prob. 10BECh. 2.4 - B. Add or subtract as shown. 235 less than 612Ch. 2.4 - Prob. 12BECh. 2.4 - C. Practical Applications Construction The...Ch. 2.4 - C. Practical Applications Carpentry A countertop...Ch. 2.4 - Prob. 3CECh. 2.4 - Prob. 4CECh. 2.4 - Prob. 5CECh. 2.4 - Prob. 6CECh. 2.4 - Prob. 7CECh. 2.4 - Prob. 8CECh. 2.4 - Prob. 9CECh. 2.4 - Prob. 10CECh. 2.4 - Prob. 11CECh. 2.4 - Prob. 12CECh. 2.4 - Prob. 13CECh. 2.4 - Prob. 14CECh. 2.4 - Prob. 15CECh. 2.4 - Prob. 16CECh. 2.4 - Prob. 17CECh. 2.4 - Prob. 18CECh. 2.4 - Prob. 19CECh. 2.4 - Prob. 20CECh. 2.4 - Prob. 21CECh. 2.4 - Prob. 22CECh. 2.4 - Prob. 23CECh. 2.4 - Prob. 24CECh. 2.4 - Prob. 25CECh. 2 - Work with fractions. (a) Write as a mixed number...Ch. 2 - Multiply and divide fractions. (a) 78532 (b) 41223...Ch. 2 - Add and subtract fractions. (a) 716+316 (b)...Ch. 2 - Solve practical problems involving fractions....Ch. 2 - A. Write as an improper fraction. 118Ch. 2 - A. Write as an improper fraction. 415Ch. 2 - A. Write as an improper fraction. 123Ch. 2 - A. Write as an improper fraction. 2316Ch. 2 - A. Write as an improper fraction. 3332Ch. 2 - Prob. 6APSCh. 2 - A. Write as an improper fraction. 158Ch. 2 - Prob. 8APSCh. 2 - A. Write as a mixed number. 104Ch. 2 - Prob. 10APSCh. 2 - A. Write as a mixed number. 253Ch. 2 - Prob. 12APSCh. 2 - Prob. 13APSCh. 2 - Prob. 14APSCh. 2 - A. Write as a mixed number. 354Ch. 2 - A. Write as a mixed number. 73Ch. 2 - A. Write in lowest terms. 632Ch. 2 - A. Write in lowest terms. 832Ch. 2 - A. Write in lowest terms. 1232Ch. 2 - Prob. 20APSCh. 2 - A. Write in lowest terms. 520Ch. 2 - Prob. 22APSCh. 2 - A. Write in lowest terms. 11620Ch. 2 - Prob. 24APSCh. 2 - A. Complete these. 34=?12Ch. 2 - Prob. 26APSCh. 2 - A. Complete these. 234=?16Ch. 2 - Prob. 28APSCh. 2 - A. Complete these. 523=?12Ch. 2 - Prob. 30APSCh. 2 - A. Complete these. 114=?12Ch. 2 - A. Complete these. 235=?10Ch. 2 - A. Circle the larger number. 716or215Ch. 2 - Prob. 34APSCh. 2 - A. Circle the larger number. 1316or78Ch. 2 - Prob. 36APSCh. 2 - A. Circle the larger number. 1332or35Ch. 2 - A. Circle the larger number. 210or316Ch. 2 - A. Circle the larger number. 1716 or 74Ch. 2 - Prob. 40APSCh. 2 - B. Multiply 12316Ch. 2 - Prob. 2BPSCh. 2 - B. Multiply 71643Ch. 2 - Prob. 4BPSCh. 2 - B. Multiply 11256Ch. 2 - B. Multiply 311615Ch. 2 - B. Multiply 316512Ch. 2 - Prob. 8BPSCh. 2 - B. Multiply 3410Ch. 2 - Prob. 10BPSCh. 2 - B. Multiply or divide as shown. 18112Ch. 2 - Prob. 12BPSCh. 2 - B. Multiply or divide as shown. 223438Ch. 2 - Prob. 14BPSCh. 2 - Multiply or divide as shown. 1214Ch. 2 - Prob. 16BPSCh. 2 - Multiply or divide as shown. 418Ch. 2 - Multiply or divide as shown. 834Ch. 2 - Multiply or divide as shown. 234Ch. 2 - Prob. 20BPSCh. 2 - Multiply or divide as shown. 3125Ch. 2 - Prob. 22BPSCh. 2 - Multiply or divide as shown. 234118Ch. 2 - Prob. 24BPSCh. 2 - C. Add or subtract as shown. 38+78Ch. 2 - Prob. 2CPSCh. 2 - C. Add or subtract as shown. 332+18Ch. 2 - Prob. 4CPSCh. 2 - C. Add or subtract as shown. 35+56Ch. 2 - Prob. 6CPSCh. 2 - Prob. 7CPSCh. 2 - Prob. 8CPSCh. 2 - Prob. 9CPSCh. 2 - Prob. 10CPSCh. 2 - C. Add or subtract as shown. 78310Ch. 2 - Prob. 12CPSCh. 2 - C. Add or subtract as shown. 218+114Ch. 2 - Prob. 14CPSCh. 2 - C. Add or subtract as shown. 6112Ch. 2 - Prob. 16CPSCh. 2 - C. Add or subtract as shown. 323178Ch. 2 - Prob. 18CPSCh. 2 - C. Add or subtract as shown. 12+13+15Ch. 2 - Prob. 20CPSCh. 2 - C. Add or subtract as shown. 312213Ch. 2 - C. Add or subtract as shown. 2351415Ch. 2 - C. Add or subtract as shown. 2135Ch. 2 - Prob. 24CPSCh. 2 - D. Practical Applications Welding In a welding...Ch. 2 - D. Practical Applications Machine Trades How many...Ch. 2 - D. Practical Applications Welding A piece of metal...Ch. 2 - D. Practical Applications Automotive Trades A...Ch. 2 - D. Practical Applications Machine Trades A shaft...Ch. 2 - D Practical Applications Machine Trades A bar...Ch. 2 - D. Practical Applications Manufacturing A cubic...Ch. 2 - D. Practical Applications Manufacturing Find the...Ch. 2 - D. Practical Applications Machine Trades What...Ch. 2 - D. Practical Applications Machine Trades The Ace...Ch. 2 - D. Practical Applications Carpentry What is the...Ch. 2 - D. Practical Applications Construction For the...Ch. 2 - D. Practical Applications Carpentry Find the...Ch. 2 - D. Practical Applications Masonry Find the height...Ch. 2 - D. Practical Applications Masonry If the wall in...Ch. 2 - D. Practical Applications Electrical Trades An...Ch. 2 - D. Practical Applications Printing An invitation...Ch. 2 - D. Practical Applications Printing As a rule of...Ch. 2 - D. Practical Applications Welding A 46-in. bar...Ch. 2 - D. Practical Applications Construction If an...Ch. 2 - D. Practical Applications Machine Trades If a...Ch. 2 - Prob. 22DPSCh. 2 - D. Practical Applications Landscaping A...Ch. 2 - D. Practical Applications Machine Trades A machine...Ch. 2 - D. Practical Applications Automotive Trades On a...Ch. 2 - D. Practical Applications Automotive Trades A...Ch. 2 - D. Practical Applications Allied Health One bottle...Ch. 2 - D. Practical Applications Construction The...Ch. 2 - Prob. 29DPSCh. 2 - Prob. 30DPSCh. 2 - Flooring and Carpeting In the United States carpet...Ch. 2 - D. Practical Applications Retail Merchandising In...Ch. 2 - D. Practical Applications Retail Merchandising The...Ch. 2 - D. Practical Applications Carpentry A carpenter...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 7. 11 m 12.7 m 14 m S V=B₁+ B2(h) 9.5 m 16 m h+s 2 na 62-19 = 37 +, M h² = Bu-29arrow_forwardFind the interval and radius of convergence for the given power series. n=0 (− 1)" xn 7" (n² + 2) The series is convergent on the interval: The radius of convergence is R =arrow_forwardFind the interval and radius of convergence for the given power series. n=1 (x-4)" n( - 8)" The series is convergent on the interval: The radius of convergence is R =arrow_forward
- Find the interval and radius of convergence for the given power series. n=0 10"x" 7(n!) The series is convergent on the interval: The radius of convergence is R =arrow_forwardwhat would a of a interscribed angle be with an arc of 93 degrees and inside abgles of 111 and 98arrow_forwardFrom a sample of 26 graduate students, the mean number of months of work experience prior to entering an MBA program was 34.67. The national standard deviation is known to be18 months. What is a 90% confidence interval for the population mean? Question content area bottom Part 1 A 9090% confidence interval for the population mean is left bracket nothing comma nothing right bracketenter your response here,enter your response here. (Use ascending order. Round to two decimal places as needed.)arrow_forward
- A person leaves home and walks 3 miles west, then 4 miles southwest. How far from home is she? miles In what direction must she walk to head directly home? degrees North of East Question Help: Video Submit Question Jump to Answerarrow_forwardwhats this answer Ginger records her grades for each assignment in science.arrow_forwardConsider the electrical circuit shown in Figure P6-41. It consists of two closed loops. Taking the indicated directions of the currents as positive, obtain the differential equations governing the currents I1 and I2 flowing through the resistor R and inductor L, respectively.arrow_forward
- Solve the following initial value problem the initial conditions aw +3. = 12z+18 +9, Əz2 მი w(x, 0)=2x3+3x²+8x ду From (38) auction we obtain follow (x, 0) =i (6x²-6x+2).arrow_forwardCalculus lll May I please have the semicolon statements in the boxes explained and completed? Thank you so mucharrow_forwardSolve the following systems of equations and show all work.y = x2 + 3y = x + 5 Please type out answerarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Elementary Algebra
Algebra
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:OpenStax - Rice University
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Understanding Fractions, Improper Fractions, and Mixed Numbers; Author: Professor Dave Explains;https://www.youtube.com/watch?v=qyW2mWvvtZ8;License: Standard YouTube License, CC-BY