
College Mathematics for Trades and Technologies (10th Edition) (What's New in Trade Math)
10th Edition
ISBN: 9780134690339
Author: Cheryl Cleaves, Margie Hobbs
Publisher: PEARSON
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Question
Chapter 6, Problem 1PT
To determine
To fill: The blanks in the statement “A __________ graph shows how different data values relate to each other”.
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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 6 Solutions
College Mathematics for Trades and Technologies (10th Edition) (What's New in Trade Math)
Ch. 6.1 - What is 32% of 136?
Ch. 6.1 - Prob. 2LCCh. 6.1 - Prob. 1ECh. 6.1 - Prob. 2ECh. 6.1 - Prob. 3ECh. 6.1 - Prob. 4ECh. 6.1 - Prob. 5ECh. 6.1 - Prob. 6ECh. 6.1 - Use Fig. 6–6 to answer Exercises 7–10. Round to...Ch. 6.1 - Use Fig. 6–6 to answer Exercises 7–10. Round to...
Ch. 6.1 - Use Fig. 6–6 to answer Exercises 7–10. Round to...Ch. 6.1 - Use Fig. 6–6 to answer Exercises 7–10. Round to...Ch. 6.1 - Prob. 11ECh. 6.1 - Prob. 12ECh. 6.1 - Use Fig. 6–8 to answer Exercises...Ch. 6.1 - Prob. 14ECh. 6.1 - Prob. 15ECh. 6.1 - Prob. 16ECh. 6.1 - Prob. 17ECh. 6.1 - Prob. 18ECh. 6.1 - Prob. 19ECh. 6.1 - Prob. 20ECh. 6.1 - Use Figure 6–10 to answer Exercises...Ch. 6.1 - Use Figure 6–10 to answer Exercises 21–24.
22. In...Ch. 6.1 - Use Figure 6–10 to answer Exercises 21–24.
23. By...Ch. 6.1 - Use Figure 6–10 to answer Exercises...Ch. 6.1 - Prob. 25ECh. 6.1 - Prob. 26ECh. 6.1 - Prob. 27ECh. 6.1 - Prob. 28ECh. 6.1 - Prob. 29ECh. 6.1 - Prob. 30ECh. 6.1 - Prob. 31ECh. 6.1 - Prob. 32ECh. 6.1 - Prob. 33ECh. 6.1 - Prob. 34ECh. 6.1 - Prob. 35ECh. 6.1 - Prob. 36ECh. 6.1 - Prob. 37ECh. 6.1 - Prob. 38ECh. 6.1 - Prob. 39ECh. 6.1 - Prob. 40ECh. 6.1 - Prob. 41ECh. 6.1 - Prob. 42ECh. 6.2 - Find the average of 29, 19, 28, and 20.
Ch. 6.2 - Prob. 2LCCh. 6.2 - Prob. 1ECh. 6.2 - Prob. 2ECh. 6.2 - Prob. 3ECh. 6.2 - Prob. 4ECh. 6.2 - Prob. 5ECh. 6.2 - Prob. 6ECh. 6.2 - Prob. 7ECh. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - Find the mean of the given values. Round to...Ch. 6.2 - A baseball player batted 276 home runs over a...Ch. 6.2 - Noel Womack scored 87, 96, 86, 92, and 93 in...Ch. 6.2 - AUTO An automobile used 32 gal of regular gasoline...Ch. 6.2 - AUTO A pickup truck used 25 gal of regular...Ch. 6.2 - CON U.S. cement export data for the last 10 years...Ch. 6.2 - CON World cement production data for the last 20...Ch. 6.2 - Based on a 5-point system (A = 4, B = 3, C = 2, D...Ch. 6.2 - Prob. 22ECh. 6.2 - Prob. 23ECh. 6.2 - Prob. 24ECh. 6.2 - Prob. 25ECh. 6.2 - Prob. 26ECh. 6.2 - Prob. 27ECh. 6.2 - Prob. 28ECh. 6.2 - Prob. 29ECh. 6.2 - BUS The following hourly pay rates are used at a...Ch. 6.2 - CON Find the median number of tons of concrete...Ch. 6.2 - Prob. 32ECh. 6.2 - Prob. 33ECh. 6.2 - Prob. 34ECh. 6.2 - Prob. 35ECh. 6.2 - Prob. 36ECh. 6.2 - Find the mode for each data set.
$56, $67, $32,...Ch. 6.2 - Find the mode for each data set.
$32, $87, $67,...Ch. 6.2 - BUS These weekend work shifts are in effect at a...Ch. 6.2 - Prob. 40ECh. 6.2 - Prob. 41ECh. 6.2 - Prob. 42ECh. 6.2 - Prob. 43ECh. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Use Table 6–5 to answer these questions. The...Ch. 6.2 - Prob. 52ECh. 6.2 - Use the given hourly pay rates (rounded to the...Ch. 6.2 - Prob. 54ECh. 6.2 - Prob. 55ECh. 6.2 - Prob. 56ECh. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Use the given 40 test scores of two physics...Ch. 6.2 - Prob. 65ECh. 6.2 - Prob. 66ECh. 6.2 - Prob. 67ECh. 6.2 - Prob. 68ECh. 6.2 - Prob. 69ECh. 6.2 - Prob. 70ECh. 6.2 - Find the grouped mean for the data in Table 6–7....Ch. 6.2 - Prob. 72ECh. 6.3 - Prob. 1LCCh. 6.3 - Prob. 2LCCh. 6.3 - Prob. 1ECh. 6.3 - Prob. 2ECh. 6.3 - Prob. 3ECh. 6.3 - Prob. 4ECh. 6.3 - Prob. 5ECh. 6.3 - Prob. 6ECh. 6.3 - Find the range for each data set.
23°F, 37°F,...Ch. 6.3 - AG/H Find the range for cherry production in...Ch. 6.3 - Use Table 6–8 to answer Exercises...Ch. 6.3 - Use Table 6–8 to answer Exercises...Ch. 6.3 - Prob. 11ECh. 6.3 - Prob. 12ECh. 6.3 - Prob. 13ECh. 6.3 - Prob. 14ECh. 6.3 - Find the midrange for cherry production in states...Ch. 6.3 - Prob. 16ECh. 6.3 - Prob. 17ECh. 6.3 - Prob. 18ECh. 6.3 - Prob. 19ECh. 6.3 - Prob. 20ECh. 6.3 - Find the quartiles for the set of total blood...Ch. 6.3 - Find the inner-quartile range for the data in...Ch. 6.3 - Find the inner-quartile range for the data in...Ch. 6.3 - Find the following percentiles for the scores in...Ch. 6.3 - Find the following percentiles for scores in...Ch. 6.3 - Find the standard deviation for each data set....Ch. 6.3 - Find the standard deviation for each data set....Ch. 6.3 - Prob. 28ECh. 6.3 - Prob. 29ECh. 6.3 - Prob. 30ECh. 6.3 - Prob. 31ECh. 6.3 - Prob. 32ECh. 6.3 - Prob. 33ECh. 6.3 - Use Table 6–8 to answer Exercises...Ch. 6.3 - HLTH/N The population mean length of a hospital...Ch. 6.3 - HLTH/N Research has documented that the mean...Ch. 6.3 - HLTH/N Pediatricians work an average of 50 h per...Ch. 6.3 - HLTH/N In a sample of 80 pediatricians, how many...Ch. 6.3 - HLTH/N In a sample of 200 surgery patients, how...Ch. 6.4 - Evaluate 26.
Ch. 6.4 - Prob. 2LCCh. 6.4 - Prob. 1ECh. 6.4 - Prob. 2ECh. 6.4 - Prob. 3ECh. 6.4 - Prob. 4ECh. 6.4 - Prob. 5ECh. 6.4 - Prob. 6ECh. 6.4 - Prob. 7ECh. 6.4 - Prob. 8ECh. 6.4 - Prob. 9ECh. 6.4 - Prob. 10ECh. 6.4 - Prob. 11ECh. 6.4 - Prob. 12ECh. 6.4 - Prob. 13ECh. 6.4 - Prob. 14ECh. 6.4 - Prob. 15ECh. 6.4 - Prob. 16ECh. 6.4 - Prob. 17ECh. 6.4 - Prob. 18ECh. 6.4 - Prob. 19ECh. 6 - Prob. 1RECh. 6 - Prob. 2RECh. 6 - Prob. 3RECh. 6 - Prob. 4RECh. 6 - Prob. 5RECh. 6 - Prob. 6RECh. 6 - Prob. 7RECh. 6 - Prob. 8RECh. 6 - Prob. 9RECh. 6 - Prob. 10RECh. 6 - Prob. 11RECh. 6 - Prob. 12RECh. 6 - Prob. 13RECh. 6 - Prob. 14RECh. 6 - Prob. 15RECh. 6 - Prob. 16RECh. 6 - Prob. 17RECh. 6 - Prob. 18RECh. 6 - Prob. 19RECh. 6 - Prob. 20RECh. 6 - Prob. 21RECh. 6 - Prob. 22RECh. 6 - Prob. 23RECh. 6 - Prob. 24RECh. 6 - Prob. 25RECh. 6 - Prob. 26RECh. 6 - Prob. 27RECh. 6 - Prob. 28RECh. 6 - Prob. 29RECh. 6 - Prob. 30RECh. 6 - Prob. 31RECh. 6 - Prob. 32RECh. 6 - Prob. 33RECh. 6 - Prob. 34RECh. 6 - Prob. 35RECh. 6 - Prob. 36RECh. 6 - Prob. 37RECh. 6 - Prob. 38RECh. 6 - Prob. 39RECh. 6 - Prob. 40RECh. 6 - Prob. 41RECh. 6 - Prob. 42RECh. 6 - Prob. 43RECh. 6 - Prob. 44RECh. 6 - Prob. 45RECh. 6 - Prob. 46RECh. 6 - Prob. 47RECh. 6 - Prob. 48RECh. 6 - Prob. 49RECh. 6 - Prob. 50RECh. 6 - Prob. 51RECh. 6 - Prob. 52RECh. 6 - Prob. 53RECh. 6 - Prob. 54RECh. 6 - Prob. 55RECh. 6 - Prob. 56RECh. 6 - Prob. 57RECh. 6 - Prob. 58RECh. 6 - Prob. 59RECh. 6 - Prob. 60RECh. 6 - Prob. 61RECh. 6 - Prob. 62RECh. 6 - Prob. 63RECh. 6 - Prob. 64RECh. 6 - Prob. 65RECh. 6 - Prob. 66RECh. 6 - Prob. 67RECh. 6 - Prob. 68RECh. 6 - Prob. 69RECh. 6 - Prob. 70RECh. 6 - Prob. 71RECh. 6 - Prob. 72RECh. 6 - Prob. 73RECh. 6 - Prob. 74RECh. 6 - Prob. 75RECh. 6 - Prob. 76RECh. 6 - Prob. 77RECh. 6 - Prob. 78RECh. 6 - Prob. 79RECh. 6 - Prob. 80RECh. 6 - Prob. 81RECh. 6 - Prob. 82RECh. 6 - Prob. 1CACh. 6 - Prob. 2CACh. 6 - Prob. 3CACh. 6 - Prob. 4CACh. 6 - Prob. 5CACh. 6 - Prob. 6CACh. 6 - Prob. 7CACh. 6 - Prob. 8CACh. 6 - Prob. 9CACh. 6 - Prob. 10CACh. 6 - Prob. 1PTCh. 6 - Prob. 2PTCh. 6 - Prob. 3PTCh. 6 - Prob. 4PTCh. 6 - Prob. 5PTCh. 6 - Prob. 6PTCh. 6 - Prob. 7PTCh. 6 - Prob. 8PTCh. 6 - Prob. 9PTCh. 6 - Prob. 10PTCh. 6 - Prob. 11PTCh. 6 - Prob. 12PTCh. 6 - Prob. 13PTCh. 6 - Prob. 14PTCh. 6 - Prob. 15PTCh. 6 - Prob. 16PTCh. 6 - Prob. 17PTCh. 6 - Prob. 18PTCh. 6 - Prob. 19PTCh. 6 - Prob. 20PTCh. 6 - Prob. 21PTCh. 6 - Prob. 22PTCh. 6 - Prob. 23PTCh. 6 - Prob. 24PTCh. 6 - Prob. 25PTCh. 6 - Prob. 26PTCh. 6 - Prob. 27PTCh. 6 - Prob. 28PTCh. 6 - Prob. 29PTCh. 6 - Millie has in her makeup bag three green eye...Ch. 6 - Prob. 31PTCh. 6 - Prob. 32PTCh. 6 - Prob. 33PTCh. 6 - Prob. 34PTCh. 6 - Prob. 35PTCh. 6 - Prob. 36PTCh. 6 - Prob. 1CPTCh. 6 - Prob. 2CPTCh. 6 - Prob. 3CPTCh. 6 - Change to the indicated unit.
0.159 dkm = ________...Ch. 6 - Prob. 5CPTCh. 6 - Prob. 6CPTCh. 6 - Prob. 7CPTCh. 6 - Prob. 8CPTCh. 6 - Prob. 9CPTCh. 6 - Prob. 10CPTCh. 6 - Prob. 11CPTCh. 6 - Prob. 12CPTCh. 6 - Prob. 13CPTCh. 6 - Prob. 14CPTCh. 6 - Prob. 15CPTCh. 6 - Prob. 16CPTCh. 6 - Prob. 17CPTCh. 6 - Prob. 18CPTCh. 6 - Prob. 19CPTCh. 6 - Prob. 20CPTCh. 6 - Prob. 21CPTCh. 6 - Prob. 22CPTCh. 6 - Prob. 23CPTCh. 6 - Prob. 24CPTCh. 6 - Prob. 25CPTCh. 6 - Prob. 26CPTCh. 6 - Prob. 27CPTCh. 6 - Prob. 28CPTCh. 6 - Prob. 29CPTCh. 6 - Prob. 30CPTCh. 6 - Prob. 31CPTCh. 6 - Prob. 32CPTCh. 6 - Prob. 33CPTCh. 6 - Prob. 34CPTCh. 6 - Prob. 35CPTCh. 6 - Prob. 36CPTCh. 6 - Prob. 37CPTCh. 6 - Prob. 38CPTCh. 6 - Prob. 39CPTCh. 6 - Complete the data table to make a relative...
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