Elementary Statistics
12th Edition
ISBN: 9780321836960
Author: Mario F. Triola
Publisher: PEARSON
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Chapter 3.4, Problem 8BSC
(a)
To determine
To find: The difference the student’s pulse rate and the
(b)
To determine
To find: The number of standard deviations student’s pulse rates is away from the mean.
(c)
To determine
To convert: The student’s pulse rate to a z score
(d)
To determine
To check: Whether the student’s rate is usual or unusual.
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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.
From 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.)
A test consists of 10 questions made of 5 answers with only one correct answer. To pass the test, a student must answer at least 8 questions correctly. (a) If a student guesses on each question, what is the probability that the student passes the test? (b) Find the mean and standard deviation of the number of correct answers. (c) Is it unusual for a student to pass the test by guessing? Explain.
Chapter 3 Solutions
Elementary Statistics
Ch. 3.2 - Employment Data listed below are results from the...Ch. 3.2 - Average The web site IncomeTaxList.com lists the...Ch. 3.2 - Median In an editorial, the Poughkeepsie Journal...Ch. 3.2 - Prob. 4BSCCh. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - Prob. 8BSCCh. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - Prob. 10BSC
Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - Prob. 14BSCCh. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - Prob. 18BSCCh. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 5-20, find the (a) mean, (b) median,...Ch. 3.2 - In Exercises 21-24, find the mean and median for...Ch. 3.2 - In Exercises 21-24, find the mean and median for...Ch. 3.2 - Prob. 23BSCCh. 3.2 - In Exercises 21-24, find the mean and median for...Ch. 3.2 - Large Data Sots from Appendix B. In Exercises...Ch. 3.2 - Prob. 26BSCCh. 3.2 - Prob. 27BSCCh. 3.2 - Prob. 28BSCCh. 3.2 - Prob. 29BSCCh. 3.2 - In Exercises 29-32, find the mean of the data...Ch. 3.2 - Prob. 31BSCCh. 3.2 - In Exercises 29-32, find the mean of the data...Ch. 3.2 - Degrees of Freedom Carbon monoxide is measured in...Ch. 3.2 - Prob. 34BBCh. 3.2 - Trimmed Mean Because the mean is very sensitive to...Ch. 3.2 - Prob. 36BBCh. 3.2 - Prob. 37BBCh. 3.2 - Quadratic Mean The quadratic mean (or root mean...Ch. 3.2 - Prob. 39BBCh. 3.3 - Comparing Variation Which do you think has less...Ch. 3.3 - Correct Statements? Which of the following...Ch. 3.3 - Variation and Variance In statistics, how do the...Ch. 3.3 - Prob. 4BSCCh. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - Prob. 7BSCCh. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - Prob. 9BSCCh. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - Prob. 11BSCCh. 3.3 - Prob. 12BSCCh. 3.3 - Prob. 13BSCCh. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - Prob. 15BSCCh. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - Prob. 18BSCCh. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - In Exercises 5-20, find the range, variance, and...Ch. 3.3 - Prob. 21BSCCh. 3.3 - Prob. 22BSCCh. 3.3 - Prob. 23BSCCh. 3.3 - Prob. 24BSCCh. 3.3 - Prob. 25BSCCh. 3.3 - Prob. 26BSCCh. 3.3 - Prob. 27BSCCh. 3.3 - Prob. 28BSCCh. 3.3 - Prob. 29BSCCh. 3.3 - Estimating Standard Deviation with the Range Rule...Ch. 3.3 - Prob. 31BSCCh. 3.3 - Prob. 32BSCCh. 3.3 - Prob. 33BSCCh. 3.3 - Prob. 34BSCCh. 3.3 - Identifying Unusual Values with the Range Rule of...Ch. 3.3 - Prob. 36BSCCh. 3.3 - Prob. 37BSCCh. 3.3 - Finding Standard Deviation from a Frequency...Ch. 3.3 - Prob. 39BSCCh. 3.3 - Finding Standard Deviation from a Frequency...Ch. 3.3 - Prob. 41BSCCh. 3.3 - The Empirical Rule Based on Data Set 3 Body...Ch. 3.3 - Prob. 43BSCCh. 3.3 - Chebyshev's Theorem Based on Data Set 3 in...Ch. 3.3 - Why Divide by n 1? Let a population consist of...Ch. 3.3 - Prob. 46BBCh. 3.4 - z Scores James Madison, the fourth President of...Ch. 3.4 - Prob. 2BSCCh. 3.4 - Prob. 3BSCCh. 3.4 - Prob. 4BSCCh. 3.4 - Prob. 5BSCCh. 3.4 - Prob. 6BSCCh. 3.4 - Prob. 7BSCCh. 3.4 - Prob. 8BSCCh. 3.4 - Prob. 9BSCCh. 3.4 - Prob. 10BSCCh. 3.4 - Usual and Unusual Values.In Exercises 9-12,...Ch. 3.4 - Usual and Unusual Values.In Exercises 9-12,...Ch. 3.4 - Prob. 13BSCCh. 3.4 - Prob. 14BSCCh. 3.4 - Comparing Values.In Exercises 13-16, use z scores...Ch. 3.4 - Prob. 16BSCCh. 3.4 - Percentiles. In Exercises 17-20, use the following...Ch. 3.4 - Prob. 18BSCCh. 3.4 - Prob. 19BSCCh. 3.4 - Prob. 20BSCCh. 3.4 - Prob. 21BSCCh. 3.4 - Prob. 22BSCCh. 3.4 - Prob. 23BSCCh. 3.4 - Prob. 24BSCCh. 3.4 - Prob. 25BSCCh. 3.4 - Prob. 26BSCCh. 3.4 - Prob. 27BSCCh. 3.4 - Prob. 28BSCCh. 3.4 - Boxplots. In Exercises 29-32, use the given data...Ch. 3.4 - Prob. 30BSCCh. 3.4 - Prob. 31BSCCh. 3.4 - Boxplots. 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