
EBK DISCRETE MATHEMATICS: INTRODUCTION
11th Edition
ISBN: 9781133417071
Author: EPP
Publisher: CENGAGE LEARNING - CONSIGNMENT
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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
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.
Steel Production Planning:
Let S represent the amount of steel produced (in tons). Steel Production is related to the amount of labor used(L) and the amount of capital used ( C ) by the following function:S = 20L⁰˙³⁰C⁰˙⁷⁰In this formula L represents the units of Labor input and C the units of Capital input. Each unit of Labor costs $50, and each unit of Capital costs $100.
a:Formulate an optimization problem that will determine how much labor and capital are needed to produce 50,000 tons of steel at minimum cost.
Q#3B: Solve the optimization problem you formulated in part (a). (Hint: When using Excel Solver, start with an initial L>0 and C>0.)…
Use the accompanying Grade Point Averages data to find 80%,85%, and 99%confidence intervals for the mean GPA.
view the Grade Point Averages data.
Gender College GPAFemale Arts and Sciences 3.21Male Engineering 3.87Female Health Science 3.85Male Engineering 3.20Female Nursing 3.40Male Engineering 3.01Female Nursing 3.48Female Nursing 3.26Female Arts and Sciences 3.50Male Engineering 3.00Female Arts and Sciences 3.13Female Nursing 3.34Female Nursing 3.67Female Education 3.45Female Engineering 3.17Female Health Science 3.28Female Nursing 3.25Male Engineering 3.72Female Arts and Sciences 2.68Female Nursing 3.40Female Health Science 3.76Female Arts and Sciences 3.72Female Education 3.44Female Arts and Sciences 3.61Female Education 3.29Female Nursing 3.20Female Education 3.80Female Business 3.26Male…
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- (3) (20 points) Let F(x, y, z) = (y, z, x²z). Define E = {(x, y, z) | x² + y² ≤ z ≤ 1, x ≤ 0}. (a) (2 points) Calculate the divergence V. F. (b) (4 points) Let D = {(x, y) | x² + y² ≤ 1, x ≤ 0} Without calculation, show that the triple integral √ (V · F) dV = √ 2²(1. = x²(1 − x² - y²) dA. Earrow_forwardBusiness Discussarrow_forward(2) (22 points) Let F(x, y, z) = (x sin y, cos y, ―xy). (a) (2 points) Calculate V. F. (b) (6 points) Given a vector field is everywhere defined with V G₁(x, y, z) = * G2(x, y, z) = − G3(x, y, z) = 0. 0 0 F(x, y, z) = (F₁(x, y, z), F₂(x, y, z), F(x, y, z)) that F = 0, let G = (G1, G2, G3) where F₂(x, y, y, t) dt - √ F³(x, t, 0) dt, * F1(x, y, t) dt, t) dt - √ F Calculate G for the vector field F(x, y, z) = (x sin y, cos y, -xy).arrow_forward
- 5) Solve the triangle. 2 95° 4 B с A) c=3.63, A=59.5°, B = 25.5° C) c = 4.63, A = 59.5°, B = 25.5° A B) c 4.63, A 25.5°, B = 59.5° = = D) c 5.63, A = 25.5°, B = 59.5°arrow_forwardFind zw. Leave your answer in polar form. = လ 3π 2 z = 6 cos 6 cos 37 3π + i sin 2 57 W = 12 cos + i sin 6 6 ༠།ལྦ་arrow_forward10 Write the expression (1 – i) i)in the standard form a + bi.arrow_forward
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- 2 10) The letters x and y represent rectangular coordinates. Write the equation x² + 4y = 4 using polar coordinates (r, e). A) 4 cos² 0 + sin² 0 = 4r C) r²(4 cos² 0 + sin² 0) = 4 B) cos² 0 + 4 sin² 0 = 4r D) r² (cos20 + 4 sin² 0) = 4arrow_forward2) A radio transmission tower is 130 feet tall. How long should a guy wire be if it is to be attached 6 feet from the top and is to make an angle of 20° with the ground? Give your answer to the nearest tenth of a foot.arrow_forward4) Two sides and an angle are given. Determine whether the given information results in one triangle, two triangles, or no triangle at all. Solve any triangle(s) that results. b=6, c=7, B = 80° A) one triangle B=40°, A = 60°, a = 13 C) one triangle C 39°, A 61°, a = 15 = B) one triangle C=41°, A = 59°, a = 17 D) no trianglearrow_forward
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