Mind on Statistics
5th Edition
ISBN: 9781285463186
Author: Jessica M. Utts, Robert F. Heckard
Publisher: Brooks Cole
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Chapter 4, Problem 4.56E
To determine
(a)
To calculate:
The value of chi-square statistics
To determine
(b)
To verify:
Whether there is a relationship between sex and opinion.
To determine
(c)
To explain:
The reason for the discrepancy between the results
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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
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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:
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2019
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2020
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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.
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2. Comment on the differences in the reserves produced by the methods in Part 1.
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To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer’s adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow.
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Chapter 4 Solutions
Mind on Statistics
Ch. 4 - Prob. 4.1ECh. 4 - Prob. 4.2ECh. 4 - Each fall, auditions for the band and orchestra...Ch. 4 - Prob. 4.4ECh. 4 - For each pair of variables, indicate whether or...Ch. 4 - For each pair of variables, indicate whether or...Ch. 4 - Suppose a study on the relationship between gender...Ch. 4 - Prob. 4.8ECh. 4 - Prob. 4.9ECh. 4 - Do grumpy old men have a greater risk of having...
Ch. 4 - Prob. 4.11ECh. 4 - Prob. 4.12ECh. 4 - Prob. 4.13ECh. 4 - Prob. 4.14ECh. 4 - Prob. 4.15ECh. 4 - Prob. 4.16ECh. 4 - For Exercise 4.17 and 4.18: A study is done to...Ch. 4 - For Exercise 4.17 and 4.18: A study is done to...Ch. 4 - Prob. 4.19ECh. 4 - a. For a relative risk of 2.1, what is the percent...Ch. 4 - a. For a relative risk of 1.53, what is the...Ch. 4 - Science News (February 25, 1995, p. 124) reported...Ch. 4 - Prob. 4.23ECh. 4 - Prob. 4.24ECh. 4 - Exercise 4.10 described a study in which men were...Ch. 4 - Prob. 4.26ECh. 4 - Prob. 4.27ECh. 4 - Suppose a newspaper article states that drinking...Ch. 4 - Prob. 4.29ECh. 4 - Prob. 4.30ECh. 4 - Prob. 4.31ECh. 4 - Case Study 1.5 (p. 4) was called Does Prayer Lower...Ch. 4 - Prob. 4.33ECh. 4 - Prob. 4.34ECh. 4 - Prob. 4.35ECh. 4 - Prob. 4.36ECh. 4 - Prob. 4.37ECh. 4 - Prob. 4.38ECh. 4 - Prob. 4.39ECh. 4 - Researchers studied a random sample of North...Ch. 4 - Refer to Exercise 4.40. a. Write a two-way table...Ch. 4 - In a national survey, n=1000 randomly selected...Ch. 4 - Prob. 4.43ECh. 4 - Prob. 4.44ECh. 4 - Prob. 4.45ECh. 4 - Prob. 4.46ECh. 4 - Prob. 4.47ECh. 4 - Prob. 4.48ECh. 4 - Prob. 4.49ECh. 4 - Prob. 4.50ECh. 4 - Prob. 4.51ECh. 4 - Prob. 4.52ECh. 4 - Refer to the Minitab output for Exercise 4.52. The...Ch. 4 - Prob. 4.54ECh. 4 - Prob. 4.55ECh. 4 - Prob. 4.56ECh. 4 - Prob. 4.57ECh. 4 - Prob. 4.58ECh. 4 - Exercise 4.2 (p.136) gave the following data from...Ch. 4 - In Example 4.15 (p. 130), a statistically...Ch. 4 - Prob. 4.61ECh. 4 - Prob. 4.62ECh. 4 - Prob. 4.63ECh. 4 - Prob. 4.64ECh. 4 - Prob. 4.65ECh. 4 - Prob. 4.66ECh. 4 - Prob. 4.67ECh. 4 - Prob. 4.68ECh. 4 - Prob. 4.69ECh. 4 - Prob. 4.70ECh. 4 - Prob. 4.71ECh. 4 - Prob. 4.72ECh. 4 - Prob. 4.73ECh. 4 - Prob. 4.74ECh. 4 - Prob. 4.75ECh. 4 - Prob. 4.76ECh. 4 - Prob. 4.77ECh. 4 - Prob. 4.78ECh. 4 - Prob. 4.79ECh. 4 - Prob. 4.80ECh. 4 - Prob. 4.81ECh. 4 - Prob. 4.82ECh. 4 - Prob. 4.83ECh. 4 - Prob. 4.84E
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