Introductory Statistics (10th Edition)
10th Edition
ISBN: 9780321989178
Author: Neil A. Weiss
Publisher: PEARSON
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Textbook Question
Chapter 3.1, Problem 1E
Explain in detail the purpose of a measure of center.
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If, based on a sample size of 900,a political candidate finds that 509people would vote for him in a two-person race, what is the 95%confidence interval for his expected proportion of the vote? Would he be confident of winning based on this poll?
Question content area bottom
Part 1
A
9595%
confidence interval for his expected proportion of the vote is
(Use ascending order. Round to four decimal places as needed.)
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.
A population that is uniformly distributed between a=0and b=10 is given in sample sizes
50( ),
100( ),
250( ),
and
500( ).
Find the sample mean and the sample standard deviations for the given data. Compare your results to the average of means for a sample of size 10, and use the empirical rules to analyze the sampling error. For each sample, also find the standard error of the mean using formula given below.
Standard Error of the
Mean =sigma/Root
Complete the following table with the results from the sampling experiment.
(Round to four decimal places as needed.)
Sample Size
Average of 8 Sample Means
Standard Deviation of 8 Sample Means
Standard Error
50
100
250
500
Chapter 3 Solutions
Introductory Statistics (10th Edition)
Ch. 3.1 - Explain in detail the purpose of a measure of...Ch. 3.1 - Name and describe the three most important...Ch. 3.1 - Of the mean, median, and mode, which is the only...Ch. 3.1 - True or false: The mean, median, and mode can all...Ch. 3.1 - Consider the data set 1, 2, 3, 4, 5, 6, 7, 8, 9....Ch. 3.1 - Complete the following statement: A descriptive...Ch. 3.1 - Floor Space. The U.S. Department of Housing and...Ch. 3.1 - Net Worth. The Board of Governors of the Federal...Ch. 3.1 - In Exercises 3.93.14, we have provided simple data...Ch. 3.1 - In Exercises 3.93.14, we have provided simple data...
Ch. 3.1 - In Exercises 3.93.14, we have provided simple data...Ch. 3.1 - In Exercises 3.93.14, we have provided simple data...Ch. 3.1 - In Exercises 3.93.14, we have provided simple data...Ch. 3.1 - In Exercises 3.93.14, we have provided simple data...Ch. 3.1 - Explain what each symbol represents. a. b. n c. lCh. 3.1 - For a particular population, is the population...Ch. 3.1 - Consider these sample data: x1 = 1, x2 = 7, x3 =...Ch. 3.1 - Consider these sample data: x1 = 12, x2 = 8, x3 =...Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - In Exercises 3.193.26, find the a. mean. b....Ch. 3.1 - Prob. 26ECh. 3.1 - Medieval Cremation Burials. In the article...Ch. 3.1 - Monthly Motorcycle Casualties. The Scottish...Ch. 3.1 - Daily Motorcycle Accidents. The Scottish...Ch. 3.1 - In each of Exercises 3.303.33, a. find n. b....Ch. 3.1 - In each of Exercises 3.303.33, a. find n. b....Ch. 3.1 - In each of Exercises 3.303.33, a. find n. b....Ch. 3.1 - In each of Exercises 3.303.33, a. find n. b....Ch. 3.1 - In each of Exercises 3.343.41, a. determine the...Ch. 3.1 - In each of Exercises 3.343.41, a. determine the...Ch. 3.1 - In each of Exercises 3.343.41, a. determine the...Ch. 3.1 - In each of Exercises 3.343.41, a. determine the...Ch. 3.1 - In each of Exercises 3.343.41, a. determine the...Ch. 3.1 - Prob. 39ECh. 3.1 - Prob. 40ECh. 3.1 - Prob. 41ECh. 3.1 - Prob. 42ECh. 3.1 - In each of Exercises 3.423.50, use the technology...Ch. 3.1 - Prob. 44ECh. 3.1 - Prob. 45ECh. 3.1 - Prob. 46ECh. 3.1 - Prob. 47ECh. 3.1 - Prob. 48ECh. 3.1 - Prob. 49ECh. 3.1 - Prob. 50ECh. 3.1 - In each of Exercises 3.513.52, a. use the...Ch. 3.1 - Prob. 52ECh. 3.1 - Food Choice. As you discovered earlier, ordinal...Ch. 3.1 - Outliers and Trimmed Means. Some data sets contain...Ch. 3.1 - Explain the difference between the quantities...Ch. 3.1 - Explain the difference between the quantities xiyi...Ch. 3.2 - Explain the purpose of a measure of variation.Ch. 3.2 - Why is the standard deviation preferable to the...Ch. 3.2 - When you use the standard deviation as a measure...Ch. 3.2 - Darts. The following dartboards represent darts...Ch. 3.2 - Prob. 61ECh. 3.2 - Consider the following four data sets. a. Compute...Ch. 3.2 - Age of U.S. Residents. The U.S. Census Bureau...Ch. 3.2 - Consider the data set 3, 3, 3, 3, 3, 3. a. Guess...Ch. 3.2 - Prob. 65ECh. 3.2 - In Exercises 3.653.70, we have provided simple...Ch. 3.2 - Prob. 67ECh. 3.2 - Prob. 68ECh. 3.2 - Prob. 69ECh. 3.2 - In Exercises 3.653.70, we have provided simple...Ch. 3.2 - In Exercises 3.713.78, determine the range and...Ch. 3.2 - In Exercises 3.713.78, determine the range and...Ch. 3.2 - In Exercises 3.713.78, determine the range and...Ch. 3.2 - In Exercises 3.713.78, determine the range and...Ch. 3.2 - Prob. 75ECh. 3.2 - In Exercises 3.713.78, determine the range and...Ch. 3.2 - In Exercises 3.713.78, determine the range and...Ch. 3.2 - Prob. 78ECh. 3.2 - Medieval Cremation Burials. In the article...Ch. 3.2 - Monthly Motorcycle Casualties. The Scottish...Ch. 3.2 - Daily Motorcycle Accidents. The Scottish...Ch. 3.2 - In each of Exercises 3.823.90, use the technology...Ch. 3.2 - Prob. 83ECh. 3.2 - Prob. 84ECh. 3.2 - In each of Exercises 3.823.90, use the technology...Ch. 3.2 - In each of Exercises 3.823.90, use the technology...Ch. 3.2 - Prob. 87ECh. 3.2 - Prob. 88ECh. 3.2 - Prob. 89ECh. 3.2 - In each of Exercises 3.823.90, use the technology...Ch. 3.2 - In each of Exercises 3.913.92, a. use the...Ch. 3.2 - In each of Exercises 3.913.92, a. use the...Ch. 3.2 - Outliers. In Exercise 3.54 on pages 104105, we...Ch. 3.2 - Weekly Salaries. In the following table, we repeat...Ch. 3.2 - Days to Maturity. The first two columns of the...Ch. 3.3 - Discuss the pros and cons of Chebyshevs rule.Ch. 3.3 - If the condition for using the empirical rule is...Ch. 3.3 - Apply Chebyshevs rule with k = 3 to verify that at...Ch. 3.3 - What does Chebyshevs rule say about the percentage...Ch. 3.3 - Prob. 100ECh. 3.3 - Prob. 101ECh. 3.3 - Consider the following data set. a. Draw a graph...Ch. 3.3 - Prob. 103ECh. 3.3 - Prob. 104ECh. 3.3 - Each of the following smooth curves represents the...Ch. 3.3 - Prob. 106ECh. 3.3 - Prob. 107ECh. 3.3 - Prob. 108ECh. 3.3 - Prob. 109ECh. 3.3 - Apply Chebyshevs rule to solve Exercises...Ch. 3.3 - Prob. 111ECh. 3.3 - Prob. 112ECh. 3.3 - Apply Chebyshevs rule to solve Exercises...Ch. 3.3 - Prob. 114ECh. 3.3 - Apply Chebyshevs rule to solve Exercises...Ch. 3.3 - Prob. 116ECh. 3.3 - Apply Chebyshevs rule to solve Exercises...Ch. 3.3 - Prob. 118ECh. 3.3 - Prob. 119ECh. 3.3 - In each of Exercises 3.1203.131, the quantitative...Ch. 3.3 - In each of Exercises 3.1203.131, the quantitative...Ch. 3.3 - In each of Exercises 3.1203.131, the quantitative...Ch. 3.3 - Prob. 123ECh. 3.3 - Prob. 124ECh. 3.3 - Prob. 125ECh. 3.3 - In each of Exercises 3.1203.131, the quantitative...Ch. 3.3 - Prob. 127ECh. 3.3 - Prob. 128ECh. 3.3 - Prob. 129ECh. 3.3 - Prob. 130ECh. 3.3 - Prob. 131ECh. 3.3 - Prob. 132ECh. 3.3 - Prob. 133ECh. 3.3 - Prob. 134ECh. 3.3 - In each of Exercises 3.1343.137, a. construct a...Ch. 3.3 - Prob. 136ECh. 3.3 - In each of Exercises 3.1343.137, a. construct a...Ch. 3.3 - Clocking the Cheetah. The cheetah (Acinonyx...Ch. 3.3 - Malnutrition and Poverty. R. Reifen et al. studied...Ch. 3.3 - In each of Exercises 3.1403.143, the quantitative...Ch. 3.3 - In each of Exercises 3.1403.143, the quantitative...Ch. 3.3 - In each of Exercises 3.1403.143, the quantitative...Ch. 3.3 - Prob. 143ECh. 3.3 - Prob. 144ECh. 3.3 - How many standard deviations to either side of the...Ch. 3.3 - How many standard deviations to either side of the...Ch. 3.3 - A data set consists of 2m2 1 zeros, one m, and...Ch. 3.4 - Identify by name three important groups of...Ch. 3.4 - Identify an advantage that the median and...Ch. 3.4 - Prob. 150ECh. 3.4 - Prob. 151ECh. 3.4 - Prob. 152ECh. 3.4 - Prob. 153ECh. 3.4 - Identify a use of the lower and upper limits.Ch. 3.4 - Prob. 155ECh. 3.4 - Which measure of variation is preferred when a....Ch. 3.4 - Fill in the blanks: Roughly, when arranged in...Ch. 3.4 - Fill in the blank: Roughly, when arranged in...Ch. 3.4 - Prob. 159ECh. 3.4 - Prob. 160ECh. 3.4 - Prob. 161ECh. 3.4 - Prob. 162ECh. 3.4 - Prob. 163ECh. 3.4 - Prob. 164ECh. 3.4 - Prob. 165ECh. 3.4 - Prob. 166ECh. 3.4 - In Exercises 3.1673.176, a. obtain and interpret...Ch. 3.4 - In Exercises 3.1673.176, a. obtain and interpret...Ch. 3.4 - Prob. 169ECh. 3.4 - Prob. 170ECh. 3.4 - In Exercises 3.1673.176, a. obtain and interpret...Ch. 3.4 - Prob. 172ECh. 3.4 - In Exercises 3.1673.176, a. obtain and interpret...Ch. 3.4 - Prob. 174ECh. 3.4 - In Exercises 3.1673.176, a. obtain and interpret...Ch. 3.4 - In Exercises 3.1673.176, a. obtain and interpret...Ch. 3.4 - Prob. 177ECh. 3.4 - Starting Salaries. The National Association of...Ch. 3.4 - Obesity. Researchers in obesity wanted to compare...Ch. 3.4 - Prob. 180ECh. 3.4 - Sickle Cell Disease. A study published by E....Ch. 3.4 - Prob. 182ECh. 3.4 - Prob. 183ECh. 3.4 - Prob. 184ECh. 3.4 - Prob. 185ECh. 3.4 - Prob. 186ECh. 3.4 - Prob. 187ECh. 3.4 - Prob. 188ECh. 3.4 - Prob. 189ECh. 3.4 - Prob. 190ECh. 3.4 - In each of Exercises 3.1883.191, a. use the...Ch. 3.5 - Identify each quantity as a parameter or a...Ch. 3.5 - Although, in practice, sample data are generally...Ch. 3.5 - Microwave Popcorn. For a given brand of microwave...Ch. 3.5 - Fill in the following blanks. a. A standardized...Ch. 3.5 - Identify the statistic that is used to estimate a....Ch. 3.5 - Augusta National Golf Course. Earlier in this...Ch. 3.5 - Augusta National Golf Course. Earlier in this...Ch. 3.5 - Heights of Basketball Players. In Section 3.2, we...Ch. 3.5 - Heights of Basketball Players. This exercise...Ch. 3.5 - In Exercises 3.2013.206, we have provided simple...Ch. 3.5 - In Exercises 3.2013.206, we have provided simple...Ch. 3.5 - In Exercises 3.2013.206, we have provided simple...Ch. 3.5 - In Exercises 3.2013.206, we have provided simple...Ch. 3.5 - In Exercises 3.2013.206, we have provided simple...Ch. 3.5 - In Exercises 3.2013.206, we have provided simple...Ch. 3.5 - Age of U.S. Residents. The U.S. Census Bureau...Ch. 3.5 - Chinchillidae Range. The family of mammals called...Ch. 3.5 - Atlantic Basin Hurricanes. The Tropical Cyclone...Ch. 3.5 - Dallas Mavericks. From the ESPN website, in the...Ch. 3.5 - STD Surveillance. The Centers for Disease Control...Ch. 3.5 - Dart Doubles. The top two players in the 20012002...Ch. 3.5 - Doing Time. According to Compendium of Federal...Ch. 3.5 - Gestation Periods of Humans. Gestation periods of...Ch. 3.5 - Frog Thumb Length. W. Duellman and J. Kohler...Ch. 3.5 - Prob. 216ECh. 3.5 - Low Gas Mileage. Suppose you buy a new car whose...Ch. 3.5 - Exam Scores. Suppose that you take an exam with...Ch. 3.5 - Prob. 219ECh. 3.5 - Consider a data set with m observations. If the...Ch. 3.5 - Prob. 221ECh. 3.5 - Stewed Tomatoes. A company produces cans of stewed...Ch. 3.5 - Prob. 223ECh. 3.5 - SAT Scores. Each year, thousands of high school...Ch. 3.5 - Copperhead and Tiger Snakes. S. Fearn et al....Ch. 3 - Define a. descriptive measures. b. measures of...Ch. 3 - Identify the two most commonly used measures of...Ch. 3 - Among the measures of center discussed, which is...Ch. 3 - Identify the most appropriate measure of variation...Ch. 3 - Prob. 5RPCh. 3 - Prob. 6RPCh. 3 - Prob. 7RPCh. 3 - Prob. 8RPCh. 3 - A quantitative data set of size 87 has mean 80 and...Ch. 3 - Prob. 10RPCh. 3 - Prob. 11RPCh. 3 - Prob. 12RPCh. 3 - Regarding outliers: a. What is an outlier? b....Ch. 3 - Regarding z-scores: a. How is a z-score obtained?...Ch. 3 - Party Time. An integral part of doing business in...Ch. 3 - Duration of Marriages. The National Center for...Ch. 3 - Causes of Death. The U.S. National Center for...Ch. 3 - Prob. 18RPCh. 3 - Prob. 19RPCh. 3 - Prob. 20RPCh. 3 - Prob. 21RPCh. 3 - Prices of New Mobile Homes. The U.S. Census Bureau...Ch. 3 - Millionaires. Refer to Problem 20. The ages of the...Ch. 3 - Prob. 24RPCh. 3 - A Better Golf Tee? An independent golf equipment...Ch. 3 - Prob. 26RPCh. 3 - UC Enrollment. According to the Statistical...Ch. 3 - Prob. 28RPCh. 3 - U.S. Divisions and Regions. The U.S. Census Bureau...Ch. 3 - Prob. 30RPCh. 3 - In Problems 3032, use the technology of your...Ch. 3 - In Problems 3032, use the technology of your...Ch. 3 - Vegetarians and Omnivores. Philosophical and...Ch. 3 - Recall from Chapter 1 (see page 34) that the Focus...Ch. 3 - At the beginning of this chapter (page 94), we...
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