Pathways to Math Literacy (Loose Leaf) with Connect Math Hosted by ALEKS
1st Edition
ISBN: 9781259680427
Author: David Sobecki Professor, Brian A. Mercer
Publisher: McGraw-Hill Education
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Chapter 3.6, Problem 4C
To determine
To calculate: The slope of the line connecting the points
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Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values. Then calculate
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on r?
Row 1
Row 2
13
149
25
36
41
60
62
78
S
205
122
195
173
133
197
24
Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values.
r=0.164 (Round to three decimal places as needed.)
S
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455 679 499 496 378 68
157
58 200
17,942|29,215 43,338 30,221 67,266 67,461 22,066 11,190 30,707| 27,569
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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 3 Solutions
Pathways to Math Literacy (Loose Leaf) with Connect Math Hosted by ALEKS
Ch. 3.1 - Prob. 0LOCh. 3.1 - Prob. 1CCh. 3.1 - Prob. 2CCh. 3.1 - Prob. 3CCh. 3.1 - Prob. 4CCh. 3.1 - Prob. 5CCh. 3.1 - Prob. 1GCh. 3.1 - Prob. 2GCh. 3.1 - Prob. 3GCh. 3.1 - Prob. 4G
Ch. 3.1 - Prob. 5GCh. 3.1 - Prob. 6GCh. 3.1 - Prob. 7GCh. 3.1 - Prob. 8GCh. 3.1 - Prob. 9GCh. 3.1 - Prob. 10GCh. 3.1 - Prob. 11GCh. 3.1 - Prob. 12GCh. 3.1 - Prob. 13GCh. 3.1 - Prob. 14GCh. 3.1 - Prob. 15GCh. 3.1 - Prob. 16GCh. 3.1 - Prob. 17GCh. 3.1 - Prob. 1TCh. 3.1 - Prob. 1RCh. 3.1 - Prob. 2RCh. 3.1 - Prob. 3RCh. 3.1 - Prob. 4RCh. 3.1 - Prob. 5RCh. 3.1 - Prob. 1ACh. 3.1 - Prob. 2ACh. 3.1 - Prob. 3ACh. 3.1 - Prob. 4ACh. 3.1 - Prob. 5ACh. 3.1 - Prob. 6ACh. 3.1 - Prob. 7ACh. 3.2 - Prob. 0LOCh. 3.2 - Prob. 1CCh. 3.2 - Prob. 2CCh. 3.2 - Prob. 3CCh. 3.2 - Prob. 4CCh. 3.2 - Prob. 5CCh. 3.2 - Prob. 6CCh. 3.2 - Prob. 7CCh. 3.2 - Prob. 8CCh. 3.2 - Prob. 9CCh. 3.2 - Prob. 10CCh. 3.2 - Prob. 1GCh. 3.2 - Prob. 2GCh. 3.2 - Prob. 3GCh. 3.2 - Prob. 4GCh. 3.2 - Prob. 5GCh. 3.2 - Prob. 6GCh. 3.2 - Prob. 7GCh. 3.2 - Prob. 8GCh. 3.2 - Prob. 9GCh. 3.2 - Prob. 10GCh. 3.2 - Prob. 11GCh. 3.2 - Prob. 12GCh. 3.2 - Prob. 13GCh. 3.2 - Complete the Applications portion of this lesson...Ch. 3.2 - Prob. 1RCh. 3.2 - Prob. 2RCh. 3.2 - Type a short answer to each question. Take another...Ch. 3.2 - Type a short answer to each question. What...Ch. 3.2 - Prob. 1ACh. 3.2 - Prob. 2ACh. 3.2 - Prob. 3ACh. 3.2 - Prob. 4ACh. 3.2 - Prob. 5ACh. 3.2 - Prob. 6ACh. 3.2 - Prob. 7ACh. 3.3 - Prob. 0LOCh. 3.3 - Prob. 1GCh. 3.3 - Prob. 2GCh. 3.3 - Prob. 3GCh. 3.3 - Prob. 4GCh. 3.3 - Prob. 5GCh. 3.3 - Prob. 6GCh. 3.3 - Prob. 7GCh. 3.3 - Prob. 8GCh. 3.3 - Prob. 9GCh. 3.3 - Prob. 10GCh. 3.3 - Prob. 11GCh. 3.3 - Nice job so far, but did we forget to mention the...Ch. 3.3 - Prob. 13GCh. 3.3 - Prob. 1CCh. 3.3 - Prob. 2CCh. 3.3 - Prob. 3CCh. 3.3 - Prob. 2RCh. 3.3 - Type a short answer to each question. Take another...Ch. 3.3 - Prob. 4RCh. 3.3 - Prob. 1ACh. 3.3 - Prob. 2ACh. 3.3 - Prob. 3ACh. 3.3 - Prob. 4ACh. 3.3 - Prob. 5ACh. 3.3 - Prob. 6ACh. 3.3 - Prob. 7ACh. 3.4 - Prob. 0LOCh. 3.4 - Prob. 1GCh. 3.4 - Prob. 2GCh. 3.4 - Prob. 3GCh. 3.4 - Prob. 4GCh. 3.4 - Prob. 5GCh. 3.4 - Use your equation to find the mass of each of the...Ch. 3.4 - What is the relationship between the slope of the...Ch. 3.4 - Prob. 8GCh. 3.4 - Prob. 9GCh. 3.4 - Prob. 10GCh. 3.4 - Prob. 11GCh. 3.4 - Prob. 12GCh. 3.4 - Divide each distance in your table by the...Ch. 3.4 - Prob. 14GCh. 3.4 - Prob. 15GCh. 3.4 - Prob. 16GCh. 3.4 - Prob. 17GCh. 3.4 - Prob. 1RCh. 3.4 - Prob. 2RCh. 3.4 - Prob. 3RCh. 3.4 - Use the Internet to find and write the current...Ch. 3.4 - Complete the table using the current exchange...Ch. 3.4 - Write an equation that will convert U.S. dollars...Ch. 3.4 - Which is the independent variable in your...Ch. 3.5 - Prob. 0LOCh. 3.5 - Prob. 1CCh. 3.5 - Prob. 2CCh. 3.5 - Prob. 3CCh. 3.5 - Prob. 4CCh. 3.5 - Prob. 5CCh. 3.5 - Prob. 6CCh. 3.5 - Prob. 7CCh. 3.5 - Prob. 8CCh. 3.5 - Prob. 9CCh. 3.5 - Prob. 10CCh. 3.5 - Prob. 11CCh. 3.5 - Prob. 12CCh. 3.5 - Prob. 13CCh. 3.5 - Prob. 14CCh. 3.5 - Prob. 15CCh. 3.5 - Prob. 1GCh. 3.5 - Prob. 2GCh. 3.5 - Prob. 3GCh. 3.5 - Prob. 4GCh. 3.5 - Prob. 5GCh. 3.5 - Prob. 6GCh. 3.5 - Prob. 7GCh. 3.5 - Prob. 8GCh. 3.5 - Prob. 9GCh. 3.5 - Prob. 10GCh. 3.5 - Prob. 11GCh. 3.5 - Prob. 12GCh. 3.5 - Prob. 13GCh. 3.5 - Prob. 14GCh. 3.5 - Prob. 15GCh. 3.5 - Prob. 16GCh. 3.5 - Prob. 17GCh. 3.5 - Prob. 18GCh. 3.5 - Prob. 1TCh. 3.5 - Prob. 1RCh. 3.5 - Prob. 2RCh. 3.5 - Prob. 3RCh. 3.5 - Prob. 4RCh. 3.5 - Prob. 5RCh. 3.5 - Prob. 1ACh. 3.5 - Explain why a linear equation seems like a...Ch. 3.5 - Prob. 3ACh. 3.5 - Prob. 4ACh. 3.5 - Prob. 5ACh. 3.5 - Prob. 6ACh. 3.5 - Prob. 7ACh. 3.5 - Prob. 8ACh. 3.6 - Prob. 0LOCh. 3.6 - Decide if you think the two quantities are likely...Ch. 3.6 - Prob. 2CCh. 3.6 - Prob. 3CCh. 3.6 - Prob. 4CCh. 3.6 - Prob. 5CCh. 3.6 - Prob. 6CCh. 3.6 - Prob. 7CCh. 3.6 - Prob. 8CCh. 3.6 - Prob. 9CCh. 3.6 - Prob. 10CCh. 3.6 - Prob. 11CCh. 3.6 - Prob. 12CCh. 3.6 - Prob. 13CCh. 3.6 - Prob. 14CCh. 3.6 - When finding the line of best fit using a graphing...Ch. 3.6 - Prob. 16CCh. 3.6 - Prob. 1GCh. 3.6 - Prob. 2GCh. 3.6 - Draw a scatter plot on graph paper with shoe size...Ch. 3.6 - Prob. 4GCh. 3.6 - Prob. 5GCh. 3.6 - Prob. 6GCh. 3.6 - Prob. 7GCh. 3.6 - Prob. 8GCh. 3.6 - Prob. 9GCh. 3.6 - Prob. 10GCh. 3.6 - Prob. 11GCh. 3.6 - Prob. 12GCh. 3.6 - Prob. 13GCh. 3.6 - Prob. 14GCh. 3.6 - Do an Internet search for 1968 mens long jump....Ch. 3.6 - Prob. 1RCh. 3.6 - Prob. 2RCh. 3.6 - Prob. 3RCh. 3.6 - Prob. 4RCh. 3.6 - Prob. 1ACh. 3.6 - Prob. 2ACh. 3.6 - Use a graphing calculator or spreadsheet to create...Ch. 3.6 - What is the slope of the line? What does it mean?Ch. 3.6 - Prob. 5ACh. 3.6 - Prob. 6ACh. 3.6 - Prob. 7ACh. 3.6 - What is the correlation coefficient for the data?...Ch. 3.7 - Prob. 0LOCh. 3.7 - Summarize Polyas problem solving strategy from...Ch. 3.7 - Prob. 2CCh. 3.7 - Prob. 3CCh. 3.7 - Prob. 4CCh. 3.7 - Prob. 5CCh. 3.7 - With only a 200 point final remaining, Se Ri has...Ch. 3.7 - Prob. 2GCh. 3.7 - Prob. 3GCh. 3.7 - Prob. 4GCh. 3.7 - Prob. 1RCh. 3.7 - Prob. 2RCh. 3.7 - Prob. 3RCh. 3.7 - Prob. 4RCh. 3.7 - Parents with young babies buy a lot of diapers (to...Ch. 3.7 - Prob. 5ACh. 3.7 - Prob. 6ACh. 3.7 - Prob. 7ACh. 3.7 - Prob. 8ACh. 3.7 - Prob. 9ACh. 3.7 - Prob. 10ACh. 3.7 - Prob. 11A
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