EBK MATHEMATICS FOR THE TRADES
10th Edition
ISBN: 9780100803053
Author: SAUNDERS
Publisher: YUZU
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Chapter 5.2, Problem 17AE
To determine
The equivalent value of 1400 yard in miles and round the result to two significant digits.
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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 5 Solutions
EBK MATHEMATICS FOR THE TRADES
Ch. 5.1 - State the precision and the accuracy of each of...Ch. 5.1 - Prob. 2AECh. 5.1 - Prob. 3AECh. 5.1 - Prob. 4AECh. 5.1 - State the precision and the accuracy of each of...Ch. 5.1 - State the precision and the accuracy of each of...Ch. 5.1 - State the precision and the accuracy of each of...Ch. 5.1 - Prob. 8AECh. 5.1 - Prob. 9AECh. 5.1 - State the precision and the accuracy of each of...
Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Add or subtract as shown. Round your answer to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Multiply or divide as shown. Round to the...Ch. 5.1 - Find the closest fractional equivalent for each of...Ch. 5.1 - Convert as shown.
Write each of the following...Ch. 5.1 - Prob. 3DECh. 5.1 - Prob. 4DECh. 5.1 - Machine Trades Specifications call for drilling a...Ch. 5.1 - Metalworking According to standard American wire...Ch. 5.1 - Automotive Trades An auto mechanic converts a...Ch. 5.1 - General Trades What size wrench, to the nearest...Ch. 5.1 - Drafting Find the missing distance x in the...Ch. 5.1 - Carpentry A truckload of knotty pine paneling...Ch. 5.1 - Automotive Trades The wear on a cylinder has...Ch. 5.1 - Interior Design If the rectangular floor of a room...Ch. 5.1 - Transportation A truck, moving continuously,...Ch. 5.1 - Industrial Technology The volume of a cylindrical...Ch. 5.1 - Electronics If an electromagnetic signal moves at...Ch. 5.1 - Aviation What speed must an airplane average in...Ch. 5.1 - Agriculture A crate full of oranges weighs 28.4...Ch. 5.1 - Water/Wastewater Treatment After repairing a...Ch. 5.1 - Sheet Metal Trades Four pieces of sheet metal with...Ch. 5.2 - Prob. 1AECh. 5.2 - Prob. 2AECh. 5.2 - Prob. 3AECh. 5.2 - Prob. 4AECh. 5.2 - Prob. 5AECh. 5.2 - Prob. 6AECh. 5.2 - Prob. 7AECh. 5.2 - Prob. 8AECh. 5.2 - Prob. 9AECh. 5.2 - Prob. 10AECh. 5.2 - Prob. 11AECh. 5.2 - Prob. 12AECh. 5.2 - Prob. 13AECh. 5.2 - Prob. 14AECh. 5.2 - Prob. 15AECh. 5.2 - Prob. 16AECh. 5.2 - Prob. 17AECh. 5.2 - Prob. 18AECh. 5.2 - Prob. 19AECh. 5.2 - Prob. 20AECh. 5.2 - Prob. 21AECh. 5.2 - Prob. 22AECh. 5.2 - Prob. 23AECh. 5.2 - Prob. 24AECh. 5.2 - Prob. 1BECh. 5.2 - Prob. 2BECh. 5.2 - Prob. 3BECh. 5.2 - Prob. 4BECh. 5.2 - Prob. 5BECh. 5.2 - Prob. 6BECh. 5.2 - Prob. 7BECh. 5.2 - Prob. 8BECh. 5.2 - Prob. 9BECh. 5.2 - Prob. 10BECh. 5.2 - Prob. 11BECh. 5.2 - Prob. 12BECh. 5.2 - Prob. 13BECh. 5.2 - Prob. 14BECh. 5.2 - Prob. 15BECh. 5.2 - Prob. 16BECh. 5.2 - C. Solve: Sports and Leisure The Manitou Incline,...Ch. 5.2 - Carpentry Find the number of board feet in each of...Ch. 5.2 - Construction The hole for a footing needs to be 5...Ch. 5.2 - Solve:
Painting The area covered by a given volume...Ch. 5.2 - General Interest The earliest known unit of length...Ch. 5.2 - C. Solve: General Interest In the Bible (Genesis,...Ch. 5.2 - Flooring and Carpeting A homeowner needing...Ch. 5.2 - Prob. 8CECh. 5.2 - Machine Trades A 56-in. twist drill with a...Ch. 5.2 - Welding How many pieces 838in. long can be cut...Ch. 5.2 - Water/Wastewater Treatment A sewer line has a flow...Ch. 5.2 - Hydrology A reservoir has a capacity of 9000 cu...Ch. 5.2 - Sheet Metal Trades A machinist must cut 12 strips...Ch. 5.2 - Allied Health A hospitalized patient must drink 12...Ch. 5.2 - C. Solve: Culinary Arts A recipe for gazpacho soup...Ch. 5.2 - Carpentry A Metabol Steb 135 Plus top-handle...Ch. 5.2 - Culinary Arts A restaurant manager has developed...Ch. 5.2 - Marine Technology In the petroleum industry, a...Ch. 5.2 - Painting A painter must thin some paint for use in...Ch. 5.2 - Interior Design A designer is pricing a certain...Ch. 5.2 - Landscaping A 2800-sq-ft house is built on a flat...Ch. 5.2 - Transportation A car at rest begins traveling at a...Ch. 5.2 - Prob. 23CECh. 5.2 - Automotive Trades A drum of oil contains 55 gal...Ch. 5.2 - Prob. 25CECh. 5.2 - Architecture Calculate the height of the church...Ch. 5.2 - C. Solve: Hydrology Hydrological engineers often...Ch. 5.2 - Prob. 28CECh. 5.2 - Prob. 29CECh. 5.2 - C. Solve: Life Skills A trades worker has a job in...Ch. 5.2 - Prob. 31CECh. 5.2 - Prob. 32CECh. 5.2 - Prob. 33CECh. 5.2 - Prob. 34CECh. 5.2 - C. Solve: Manufacturing A conveyor belt 18 in....Ch. 5.2 - Prob. 36CECh. 5.2 - Prob. 37CECh. 5.2 - Prob. 38CECh. 5.3 - A. Think Metric For each problem, circle the...Ch. 5.3 - Prob. 2AECh. 5.3 - Prob. 3AECh. 5.3 - A. Think Metric For each problem, circle the...Ch. 5.3 - Prob. 5AECh. 5.3 - Prob. 6AECh. 5.3 - Prob. 7AECh. 5.3 - Prob. 8AECh. 5.3 - Prob. 9AECh. 5.3 - Prob. 10AECh. 5.3 - Prob. 11AECh. 5.3 - Prob. 12AECh. 5.3 - Prob. 13AECh. 5.3 - Prob. 14AECh. 5.3 - Prob. 15AECh. 5.3 - Prob. 16AECh. 5.3 - Prob. 19AECh. 5.3 - Prob. 20AECh. 5.3 - Think Metric Choose the closest estimate. 1....Ch. 5.3 - Think Metric Choose the closest estimate. 2....Ch. 5.3 - Think Metric Choose the closest estimate. 3. Tank...Ch. 5.3 - Think Metric Choose the closest estimate. 4....Ch. 5.3 - Think Metric Choose the closest estimate. 5....Ch. 5.3 - Prob. 6BECh. 5.3 - Think Metric Choose the closest estimate. Cold day...Ch. 5.3 - Prob. 8BECh. 5.3 - Prob. 9BECh. 5.3 - Think Metric Choose the closest estimate. 10. Your...Ch. 5.3 - Prob. 11BECh. 5.3 - Prob. 12BECh. 5.3 - Prob. 1CECh. 5.3 - Prob. 2CECh. 5.3 - Prob. 3CECh. 5.3 - Prob. 4CECh. 5.3 - Prob. 5CECh. 5.3 - Perform the following metricmetric conversions. 6....Ch. 5.3 - Prob. 7CECh. 5.3 - Prob. 8CECh. 5.3 - Prob. 9CECh. 5.3 - Prob. 10CECh. 5.3 - Prob. 11CECh. 5.3 - Prob. 12CECh. 5.3 - Prob. 13CECh. 5.3 - Prob. 14CECh. 5.3 - Prob. 15CECh. 5.3 - Prob. 16CECh. 5.3 - Prob. 17CECh. 5.3 - Prob. 18CECh. 5.3 - Prob. 19CECh. 5.3 - Prob. 20CECh. 5.3 - Prob. 21CECh. 5.3 - Prob. 22CECh. 5.3 - Prob. 23CECh. 5.3 - Prob. 24CECh. 5.3 - Prob. 25CECh. 5.3 - Perform the following metricmetric conversions....Ch. 5.3 - Prob. 1DECh. 5.3 - Prob. 2DECh. 5.3 - Prob. 3DECh. 5.3 - Prob. 4DECh. 5.3 - Prob. 5DECh. 5.3 - Prob. 6DECh. 5.3 - Convert to the units shown. Round to the nearest...Ch. 5.3 - Prob. 8DECh. 5.3 - Prob. 9DECh. 5.3 - Prob. 10DECh. 5.3 - Prob. 11DECh. 5.3 - Prob. 12DECh. 5.3 - Prob. 13DECh. 5.3 - Prob. 14DECh. 5.3 - Prob. 15DECh. 5.3 - Prob. 16DECh. 5.3 - Prob. 17DECh. 5.3 - Prob. 18DECh. 5.3 - Prob. 19DECh. 5.3 - Prob. 20DECh. 5.3 - Prob. 21DECh. 5.3 - Prob. 22DECh. 5.3 - Prob. 23DECh. 5.3 - Prob. 24DECh. 5.3 - Prob. 25DECh. 5.3 - Prob. 26DECh. 5.3 - Prob. 27DECh. 5.3 - Prob. 28DECh. 5.3 - Prob. 29DECh. 5.3 - Prob. 30DECh. 5.3 - Prob. 1EECh. 5.3 - Hydrology One cubic foot of water weighs 62.4 lb....Ch. 5.3 - Prob. 3EECh. 5.3 - B. Practical Applications. Round as indicated....Ch. 5.3 - B. Practical Applications. Round as indicated....Ch. 5.3 - Prob. 6EECh. 5.3 - Prob. 7EECh. 5.3 - Prob. 8EECh. 5.3 - Roofing In roofing, the unit one square is...Ch. 5.3 - General Interest A cord of wood is a volume of...Ch. 5.3 - Prob. 11EECh. 5.3 - Prob. 12EECh. 5.3 - D. Practical Applications Electronics Convert the...Ch. 5.3 - Prob. 14EECh. 5.3 - Sports and Leisure Nutrition scientists have...Ch. 5.3 - Prob. 16EECh. 5.3 - Prob. 17EECh. 5.3 - D. Practical Applications Sports and Leisure By...Ch. 5.3 - Prob. 19EECh. 5.3 - Prob. 20EECh. 5.3 - Prob. 21EECh. 5.3 - Prob. 22EECh. 5.3 - D. Practical Applications Construction The Taipei...Ch. 5.3 - Prob. 24EECh. 5.3 - D. Practical Applications Water/Wastewater...Ch. 5.3 - Prob. 26EECh. 5.3 - Prob. 27EECh. 5.3 - Prob. 28EECh. 5.3 - Prob. 29EECh. 5.3 - Prob. 30EECh. 5.3 - Prob. 31EECh. 5.3 - Prob. 32EECh. 5.4 - Find the lengths marked on the following rules.Ch. 5.4 - Find the lengths marked on the following rules.Ch. 5.4 - Find the lengths marked on the following rules.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Prob. 2BECh. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Prob. 7BECh. 5.4 - Read the following micrometers.Ch. 5.4 - Prob. 9BECh. 5.4 - Read the following micrometers.Ch. 5.4 - Prob. 11BECh. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Read the following micrometers.Ch. 5.4 - Prob. 17BECh. 5.4 - Read the following micrometers.Ch. 5.4 - Prob. 1CECh. 5.4 - Read the following vernier calipers.Ch. 5.4 - Prob. 3CECh. 5.4 - Prob. 4CECh. 5.4 - Prob. 5CECh. 5.4 - Prob. 6CECh. 5.4 - Prob. 7CECh. 5.4 - Read the following vernier calipers.Ch. 5.4 - Prob. 9CECh. 5.4 - Prob. 10CECh. 5.4 - Prob. 1DECh. 5.4 - Prob. 2DECh. 5.4 - Prob. 3DECh. 5.4 - Prob. 4DECh. 5.4 - Prob. 5DECh. 5.4 - Read the following vernier protractors.Ch. 5.4 - Prob. 7DECh. 5.4 - Read the following vernier protractors.Ch. 5.4 - Prob. 1EECh. 5.4 - Prob. 2EECh. 5.4 - Prob. 3EECh. 5.4 - Prob. 4EECh. 5.4 - Read the following meters. Estimate between scale...Ch. 5.4 - Prob. 1FECh. 5.4 - Read the following water meters, electric meters,...Ch. 5.4 - Prob. 3FECh. 5.4 - Prob. 4FECh. 5.4 - Read the following water meters, electric meters,...Ch. 5.4 - Read the following water meters, electric meters,...Ch. 5.4 - Prob. 7FECh. 5.4 - Read the following water meters, electric meters,...Ch. 5.4 - Prob. 1GECh. 5.4 - Prob. 2GECh. 5.4 - Prob. 3GECh. 5.4 - Prob. 4GECh. 5.4 - Prob. 5GECh. 5.4 - Prob. 6GECh. 5.4 - Prob. 7GECh. 5.4 - Prob. 8GECh. 5.4 - Prob. 9GECh. 5.4 - Prob. 10GECh. 5 - Prob. 1PCh. 5 - Add and subtract measurement numbers. (Round to...Ch. 5 - Multiply and divide measurement numbers. (Round to...Ch. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 7PCh. 5 - State the accuracy and precision of each of the...Ch. 5 - State the accuracy and precision of each of the...Ch. 5 - Prob. 3APSCh. 5 - Prob. 4APSCh. 5 - State the accuracy and precision of each of the...Ch. 5 - Prob. 6APSCh. 5 - Prob. 7APSCh. 5 - Prob. 8APSCh. 5 - B. Perform the following calculations with...Ch. 5 - B. Perform the following calculations with...Ch. 5 - B. Perform the following calculations with...Ch. 5 - B. Perform the following calculations with...Ch. 5 - B. Perform the following calculations with...Ch. 5 - Prob. 6BPSCh. 5 - B. Perform the following calculations with...Ch. 5 - Prob. 8BPSCh. 5 - B. Perform the following calculations with...Ch. 5 - Prob. 10BPSCh. 5 - B. Perform the following calculations with...Ch. 5 - Prob. 12BPSCh. 5 - B. Perform the following calculations with...Ch. 5 - B. Perform the following calculations with...Ch. 5 - Prob. 1CPSCh. 5 - Convert the following measurement numbers to new...Ch. 5 - Prob. 3CPSCh. 5 - Convert the following measurement numbers to new...Ch. 5 - Convert the following measurement numbers to new...Ch. 5 - D. Convert the following measurement numbers to...Ch. 5 - Prob. 7CPSCh. 5 - Prob. 8CPSCh. 5 - D. Convert the following measurement numbers to...Ch. 5 - Prob. 10CPSCh. 5 - Prob. 11CPSCh. 5 - Prob. 12CPSCh. 5 - Convert the following measurement numbers to new...Ch. 5 - Prob. 14CPSCh. 5 - Prob. 15CPSCh. 5 - Prob. 16CPSCh. 5 - Convert the following measurement numbers to new...Ch. 5 - D. Convert the following measurement numbers to...Ch. 5 - D. Convert the following measurement numbers to...Ch. 5 - Convert the following measurement numbers to new...Ch. 5 - Prob. 21CPSCh. 5 - Prob. 22CPSCh. 5 - Convert the following measurement numbers to new...Ch. 5 - D. Convert the following measurement numbers to...Ch. 5 - Prob. 25CPSCh. 5 - Prob. 26CPSCh. 5 - Convert the following measurement numbers to new...Ch. 5 - D. Convert the following measurement numbers to...Ch. 5 - Prob. 29CPSCh. 5 - Prob. 30CPSCh. 5 - D. Convert the following measurement numbers to...Ch. 5 - D. Convert the following measurement numbers to...Ch. 5 - Prob. 1DPSCh. 5 - Prob. 2DPSCh. 5 - Prob. 3DPSCh. 5 - Prob. 4DPSCh. 5 - Prob. 5DPSCh. 5 - Prob. 6DPSCh. 5 - Read the following measuring devices. Rulers.Ch. 5 - Prob. 2EPSCh. 5 - Prob. 3EPSCh. 5 - Meters.Ch. 5 - Prob. 5EPSCh. 5 - Prob. 1FPSCh. 5 - Practical Applications. If necessary, round to the...Ch. 5 - Prob. 3FPSCh. 5 - Prob. 4FPSCh. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - Prob. 11FPSCh. 5 - Prob. 12FPSCh. 5 - Prob. 13FPSCh. 5 - Prob. 14FPSCh. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - Prob. 17FPSCh. 5 - Prob. 18FPSCh. 5 - Prob. 19FPSCh. 5 - Prob. 20FPSCh. 5 - Prob. 21FPSCh. 5 - Prob. 22FPSCh. 5 - Prob. 23FPSCh. 5 - Prob. 24FPSCh. 5 - Prob. 25FPSCh. 5 - Prob. 26FPSCh. 5 - Prob. 27FPSCh. 5 - Prob. 28FPSCh. 5 - Prob. 29FPSCh. 5 - Prob. 30FPSCh. 5 - Prob. 31FPSCh. 5 - Prob. 32FPSCh. 5 - G. Practical Applications. If necessary, round to...Ch. 5 - Prob. 34FPSCh. 5 - Prob. 35FPS
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