Introductory Statistics (10th Edition)
10th Edition
ISBN: 9780321989178
Author: Neil A. Weiss
Publisher: PEARSON
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Chapter 6.1, Problem 42E
a.
To determine
Obtain the frequency histogram of the birth-rate data.
b.
To determine
Check whether the birth rates for the 50 states and the District Columbia are approximately
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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.
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.
From a sample of 26 graduate students, the mean number of months of work experience prior to entering an MBA program was 34.67. The national standard deviation is known to be18 months. What is a 90% confidence interval for the population mean?
Question content area bottom
Part 1
A
9090%
confidence interval for the population mean is
left bracket nothing comma nothing right bracketenter your response here,enter your response here.
(Use ascending order. Round to two decimal places as needed.)
Chapter 6 Solutions
Introductory Statistics (10th Edition)
Ch. 6.1 - What is a density curve?Ch. 6.1 - State the two basic properties of every density...Ch. 6.1 - For a variable with a density curve, what is the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - In each of Exercises 6.46.11, assume that the...
Ch. 6.1 - In each of Exercises 6.46.11, assume that the...Ch. 6.1 - A curve has area 0.425 to the left of 4 and area...Ch. 6.1 - A curve has area 0.613 to the left of 65 and area...Ch. 6.1 - Prob. 14ECh. 6.1 - A variable is approximately normally distributed....Ch. 6.1 - Precisely what is meant by the statement that a...Ch. 6.1 - Two normally distributed variables have the same...Ch. 6.1 - Which normal distribution has a wider spread: the...Ch. 6.1 - Consider two normal distributions, one with mean 4...Ch. 6.1 - Prob. 20ECh. 6.1 - True or false: The mean of a normal distribution...Ch. 6.1 - Prob. 22ECh. 6.1 - Sketch the normal distribution with a. = 3 and =...Ch. 6.1 - Prob. 24ECh. 6.1 - For a normally distributed variable, what is the...Ch. 6.1 - Prob. 26ECh. 6.1 - Prob. 27ECh. 6.1 - The area under a particular normal curve between...Ch. 6.1 - A variable has the density curve whose equation is...Ch. 6.1 - A variable has the density curve whose equation is...Ch. 6.1 - Waiting for the Train. A commuter train arrives...Ch. 6.1 - Bacteria on a Petri Dish. A petri dish is a small,...Ch. 6.1 - Fire Loss. The loss, in millions of dollars, due...Ch. 6.1 - Emergency Room Traffic. Desert Samaritan Hospital...Ch. 6.1 - Female College Students. Refer to Example 6.3 on...Ch. 6.1 - Female College Students. Refer to Example 6.3 on...Ch. 6.1 - Giant Tarantulas. One of the larger species of...Ch. 6.1 - Serum Cholesterol Levels. According to the...Ch. 6.1 - New York City 10-km Run. As reported in Runners...Ch. 6.1 - Prob. 40ECh. 6.1 - Ages of Mothers. From the document National Vital...Ch. 6.1 - Prob. 42ECh. 6.1 - Cloudiness in Breslau. In the paper Cloudiness:...Ch. 6.1 - Prob. 44ECh. 6.1 - Prob. 45ECh. 6.1 - Prob. 46ECh. 6.1 - Chips Ahoy! 1,000 Chips Challenge. Students in an...Ch. 6.1 - Gestation Periods of Humans. Refer to the...Ch. 6.1 - Delaying Adulthood. In the paper, Delayed...Ch. 6.2 - With which normal distribution is the standard...Ch. 6.2 - Without consulting Table II, explain why the area...Ch. 6.2 - Prob. 52ECh. 6.2 - Prob. 53ECh. 6.2 - Prob. 54ECh. 6.2 - Prob. 55ECh. 6.2 - Prob. 56ECh. 6.2 - Prob. 57ECh. 6.2 - Prob. 58ECh. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain the areas under the...Ch. 6.2 - Use Table II to obtain each shaded area under the...Ch. 6.2 - Use Table II to obtain each shaded area under the...Ch. 6.2 - In each part, find the area under the standard...Ch. 6.2 - The total area under the following standard normal...Ch. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - Prob. 74ECh. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - Prob. 77ECh. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - Prob. 79ECh. 6.2 - Prob. 80ECh. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - In Exercises 6.716.82, use Table II to obtain the...Ch. 6.2 - Complete the following table.Ch. 6.2 - Prob. 84ECh. 6.2 - Prob. 85ECh. 6.3 - Briefly, for a normally distributed variable, how...Ch. 6.3 - Explain why the percentage of all possible...Ch. 6.3 - Prob. 88ECh. 6.3 - Prob. 89ECh. 6.3 - A variable is normally distributed with mean 68...Ch. 6.3 - A variable is normally distributed with mean 10...Ch. 6.3 - Prob. 92ECh. 6.3 - A variable is normally distributed with mean 6 and...Ch. 6.3 - A variable is normally distributed with mean 68...Ch. 6.3 - A variable is normally distributed with mean 10...Ch. 6.3 - A variable is normally distributed with mean 0 and...Ch. 6.3 - Giant Tarantulas. One of the larger species of...Ch. 6.3 - Serum Cholesterol Levels. According to the...Ch. 6.3 - New York City 10-km Run. As reported in Runners...Ch. 6.3 - Green Sea Urchins. From the paper Effects of...Ch. 6.3 - Arterial Cord pH. Umbilical cord blood analysis...Ch. 6.3 - Elephant Pregnancies. G. Wittemeyer et al. studied...Ch. 6.3 - Gibbon Song Duration. A preliminary behavioral...Ch. 6.3 - Friendship Motivation. In the article Assessing...Ch. 6.3 - Brain Weights. In 1905, R. Pearl published the...Ch. 6.3 - Children Watching TV. The A. C. Nielsen Company...Ch. 6.3 - Heights of Female Students. Refer to Example 6.3...Ch. 6.3 - Womens Shoes. Research reveals that foot length of...Ch. 6.3 - College-Math Success. Researchers S. Lesik and M....Ch. 6.3 - Tipping. In the article Are Christian/Religious...Ch. 6.3 - Booted Eagles. The rare booted eagle of western...Ch. 6.3 - Emergency Room Traffic. Desert Samaritan Hospital...Ch. 6.3 - Let 0 1. For a normally distributed variable,...Ch. 6.3 - Express the quartiles, Q1, Q2, and Q3, of a...Ch. 6.3 - Express the kth percentile, Pk , of a normally...Ch. 6.4 - Under what circumstances is using a normal...Ch. 6.4 - Explain why assessing the normality of a variable...Ch. 6.4 - Explain in detail what a normal probability plot...Ch. 6.4 - How is a normal probability plot used to detect...Ch. 6.4 - Explain how to obtain normal scores from Table III...Ch. 6.4 - In each of Exercises 6.1216.126, we have provided...Ch. 6.4 - In each of Exercises 6.1216.126, we have provided...Ch. 6.4 - In each of Exercises 6.1216.126, we have provided...Ch. 6.4 - In each of Exercises 6.1216.126, we have provided...Ch. 6.4 - In each of Exercises 6.1216.126, we have provided...Ch. 6.4 - Prob. 126ECh. 6.4 - In Exercises 6.1276.130, a. use Table III in...Ch. 6.4 - Prob. 128ECh. 6.4 - In Exercises 6.1276.130, a. use Table III in...Ch. 6.4 - In Exercises 6.1276.130, a. use Table III in...Ch. 6.4 - Prob. 131ECh. 6.4 - In Exercises 6.1316.134, a. obtain a normal...Ch. 6.4 - Prob. 133ECh. 6.4 - Prob. 134ECh. 6.4 - Body Temperature. A study by researchers at the...Ch. 6.4 - Vegetarians and Omnivores. Philosophical and...Ch. 6.4 - Prob. 137ECh. 6.4 - Finger Length of Criminals. In 1902, W. R....Ch. 6.4 - Prob. 139ECh. 6.4 - Emergency Room Traffic. Desert Samaritan Hospital...Ch. 6.5 - Why should you sometimes use normal-curve areas to...Ch. 6.5 - The rule of thumb for using the normal...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - Prob. 157ECh. 6.5 - Prob. 158ECh. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - In Exercises 6.1436.160, X denotes a binomial...Ch. 6.5 - TrueFalse Exams. Refer to Example 6.20 on page...Ch. 6.5 - Prob. 162ECh. 6.5 - TrueFalse Exams. If, in Example 6.20, the...Ch. 6.5 - TrueFalse Exams. If, in Example 6.20, the...Ch. 6.5 - Applying the Concepts and Skills In Exercises...Ch. 6.5 - In Exercises 6.1656.172, apply Procedure 6.3 on...Ch. 6.5 - In Exercises 6.1656.172, apply Procedure 6.3 on...Ch. 6.5 - In Exercises 6.1656.172, apply Procedure 6.3 on...Ch. 6.5 - In Exercises 6.1656.172, apply Procedure 6.3 on...Ch. 6.5 - In Exercises 6.1656.172, apply Procedure 6.3 on...Ch. 6.5 - In Exercises 6.1656.172, apply Procedure 6.3 on...Ch. 6.5 - Prob. 172ECh. 6.5 - Roulette. An American roulette wheel consists of...Ch. 6.5 - Flashlight Battery Lifetimes. A brand of...Ch. 6.5 - Prob. 175ECh. 6 - What is a density curve, and why are such curves...Ch. 6 - In each of Problems 24, assume that the variable...Ch. 6 - In each of Problems 24, assume that the variable...Ch. 6 - In each of Problems 24, assume that the variable...Ch. 6 - Prob. 5RPCh. 6 - State two of the main reasons for studying the...Ch. 6 - Prob. 7RPCh. 6 - Answer true or false to each statement. Give...Ch. 6 - Explain the relationship between percentages for a...Ch. 6 - Prob. 10RPCh. 6 - Prob. 11RPCh. 6 - Prob. 12RPCh. 6 - What key fact permits you to determine percentages...Ch. 6 - Prob. 14RPCh. 6 - Prob. 15RPCh. 6 - Prob. 16RPCh. 6 - State the empirical rule for variables.Ch. 6 - Prob. 18RPCh. 6 - Prob. 19RPCh. 6 - Prob. 20RPCh. 6 - Prob. 21RPCh. 6 - Prob. 22RPCh. 6 - For the standard normal curve, find the z-score(s)...Ch. 6 - Dispensing Coffee. A coffee machine is supposed to...Ch. 6 - Forearm Length. In 1903, K. Pearson and A. Lee...Ch. 6 - Birth Weights. The WONDER database, maintained by...Ch. 6 - Lower Limb Surgery. The study Intrathecal...Ch. 6 - Verbal GRE Scores. The Graduate Record Examination...Ch. 6 - Verbal GRE Scores. Refer to Problem 28, and fill...Ch. 6 - Prob. 30RPCh. 6 - Prob. 31RPCh. 6 - Diarrhea Vaccine. Acute rotavirus diarrhea is the...Ch. 6 - FOCUSING ON DATA ANALYSIS UWEC UNDERGRADUATES...Ch. 6 - CASE STUDY DISCUSSION CHEST SIZES OF SCOTTISH...
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