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Chapter 3 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
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- + Find the first five non-zero terms of the Taylor series for f(x) = sin(2x) centered at 4π. + + + ...arrow_forward+ + ... Find the first five non-zero terms of the Taylor series for f(x) centered at x = 4. = 1 x + + +arrow_forwardQuestions 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.arrow_forward
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- 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
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