Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Chapter 6.3, Problem 34E
To determine
The truth table of the provided statement and classify it as a tautology or a contradiction.
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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.
Please type out answer
Chapter 6 Solutions
Finite Mathematics (11th Edition)
Ch. 6.1 -
Decide whether each of the following is a...Ch. 6.1 - Decide whether each of the following is a...Ch. 6.1 - Decide whether each of the following is a...Ch. 6.1 - Decide whether each of the following is a...Ch. 6.1 - Prob. 5ECh. 6.1 - Prob. 6ECh. 6.1 - Prob. 7ECh. 6.1 -
Decide whether each of the following is a...Ch. 6.1 - Prob. 9ECh. 6.1 - Prob. 10E
Ch. 6.1 - Prob. 11ECh. 6.1 - Prob. 12ECh. 6.1 - Decide whether each of the following is a...Ch. 6.1 - Decide whether each of the following is a...Ch. 6.1 - Give a negation of each inequality. y12Ch. 6.1 - Prob. 16ECh. 6.1 - Prob. 17ECh. 6.1 - Prob. 18ECh. 6.1 - Give a negation of each inequality. Try to negate...Ch. 6.1 - Give a negation of each inequality. Explain why...Ch. 6.1 - Let b represent the statement Im getting better...Ch. 6.1 -
Let b represent the statement “I’m getting...Ch. 6.1 - Let b represent the statement Im getting better...Ch. 6.1 - Let b represent the statement Im getting better...Ch. 6.1 -
Let b represent the statement “I’m getting...Ch. 6.1 - Let b represent the statement Im getting better...Ch. 6.1 - Use the concepts introduced in this section to...Ch. 6.1 - Prob. 28ECh. 6.1 - Prob. 29ECh. 6.1 - Prob. 30ECh. 6.1 - Use the concepts introduced in this section to...Ch. 6.1 - Use the concepts introduced in this section to...Ch. 6.1 - Let p represent a false statement and let q...Ch. 6.1 - Let p represent a false statement and let q...Ch. 6.1 - Prob. 35ECh. 6.1 -
Let p represent a false statement and let q...Ch. 6.1 - Prob. 37ECh. 6.1 - Prob. 38ECh. 6.1 - Prob. 39ECh. 6.1 - Prob. 40ECh. 6.1 -
Let p represent a false statement and let q...Ch. 6.1 - Prob. 42ECh. 6.1 - Prob. 43ECh. 6.1 - Prob. 44ECh. 6.1 - Prob. 45ECh. 6.1 - Prob. 46ECh. 6.1 - Let p represent a true statement, and q and r...Ch. 6.1 - Prob. 48ECh. 6.1 - Prob. 49ECh. 6.1 - Prob. 50ECh. 6.1 - Prob. 51ECh. 6.1 - Prob. 52ECh. 6.1 - Prob. 53ECh. 6.1 - Prob. 54ECh. 6.1 - Prob. 55ECh. 6.1 - Prob. 56ECh. 6.1 - Prob. 57ECh. 6.1 - Prob. 58ECh. 6.1 - Prob. 59ECh. 6.1 - Prob. 60ECh. 6.1 - Prob. 61ECh. 6.1 - Prob. 62ECh. 6.1 - Prob. 63ECh. 6.1 - Prob. 64ECh. 6.1 - Prob. 65ECh. 6.1 - Income Tax The following excerpts appear in a...Ch. 6.1 - Prob. 67ECh. 6.1 - Prob. 68ECh. 6.1 - Prob. 69ECh. 6.1 - Prob. 70ECh. 6.1 - Prob. 71ECh. 6.1 - Prob. 72ECh. 6.1 -
Medicine The following excerpts appear in a home...Ch. 6.1 - Medicine The following excerpts appear in a home...Ch. 6.1 - Prob. 75ECh. 6.1 - Social Sciences Law The following excerpts appear...Ch. 6.1 - Social Sciences Law The following excerpts appear...Ch. 6.1 - Prob. 78ECh. 6.1 - Philosophy Read each of the following quotes from...Ch. 6.1 - Prob. 80ECh. 6.1 - Prob. 81ECh. 6.1 - Prob. 82ECh. 6.1 - Prob. 83ECh. 6.1 - Prob. 84ECh. 6.1 - Prob. 85ECh. 6.1 - Prob. 86ECh. 6.1 - APPLY IT Suppose the statements that Seattle won...Ch. 6.1 - General Interest Football For Exercises 8186, let...Ch. 6.2 - Give the number of rows in the truth table for...Ch. 6.2 -
Give the number of rows in the truth table for...Ch. 6.2 - Give the number of rows in the truth table for...Ch. 6.2 -
Give the number of rows in the truth table for...Ch. 6.2 -
Give the number of rows in the truth table for...Ch. 6.2 -
Give the number of rows in the truth table for...Ch. 6.2 - Give the number of rows in the truth table for...Ch. 6.2 - Give the number of rows in the truth table for...Ch. 6.2 - Construct a truth table for each compound...Ch. 6.2 - Construct a truth table for each compound...Ch. 6.2 -
Construct a truth table for each compound...Ch. 6.2 - Construct a truth table for each compound...Ch. 6.2 - Construct a truth table for each compound...Ch. 6.2 -
Construct a truth table for each compound...Ch. 6.2 -
Construct a truth table for each compound...Ch. 6.2 - Prob. 16ECh. 6.2 - Prob. 17ECh. 6.2 - Prob. 18ECh. 6.2 -
Construct a truth table for each compound...Ch. 6.2 - Prob. 20ECh. 6.2 -
Construct a truth table for each compound...Ch. 6.2 - Prob. 22ECh. 6.2 - Prob. 23ECh. 6.2 - Prob. 24ECh. 6.2 -
Write the negation of each statement, applying...Ch. 6.2 - Prob. 26ECh. 6.2 - Prob. 27ECh. 6.2 - Prob. 28ECh. 6.2 - Prob. 29ECh. 6.2 - Prob. 30ECh. 6.2 - Prob. 31ECh. 6.2 - Write the negation of each statement, applying De...Ch. 6.2 -
Write the negation of each statement, applying...Ch. 6.2 -
Write the negation of each statement, applying...Ch. 6.2 - Prob. 35ECh. 6.2 - Prob. 36ECh. 6.2 - Prob. 37ECh. 6.2 - Prob. 38ECh. 6.2 - Prob. 39ECh. 6.2 - Prob. 40ECh. 6.2 - Prob. 41ECh. 6.2 - Prob. 42ECh. 6.2 - Prob. 43ECh. 6.2 -
44. eBay APPLY IT The eBay Buyer Protection plan...Ch. 6.2 - Guarantees The guarantee on a brand of vacuum...Ch. 6.2 - Prob. 46ECh. 6.2 - Prob. 47ECh. 6.2 - Prob. 48ECh. 6.2 - Prob. 49ECh. 6.2 - Prob. 50ECh. 6.2 - Prob. 51ECh. 6.2 - Prob. 52ECh. 6.2 - Prob. 53ECh. 6.3 -
In Exercises 1–6, decide whether each statement...Ch. 6.3 - Prob. 2ECh. 6.3 - Prob. 3ECh. 6.3 - Prob. 4ECh. 6.3 - Prob. 5ECh. 6.3 - Prob. 6ECh. 6.3 - In a few sentences, explain how we determine the...Ch. 6.3 - Prob. 8ECh. 6.3 -
Tell whether each conditional is true or false....Ch. 6.3 - Prob. 10ECh. 6.3 - Prob. 11ECh. 6.3 - Prob. 12ECh. 6.3 - Prob. 13ECh. 6.3 - Prob. 14ECh. 6.3 - Prob. 15ECh. 6.3 - Prob. 16ECh. 6.3 - Prob. 17ECh. 6.3 - Prob. 18ECh. 6.3 - Prob. 19ECh. 6.3 - Prob. 20ECh. 6.3 - Prob. 21ECh. 6.3 - Prob. 22ECh. 6.3 - Prob. 23ECh. 6.3 - Prob. 24ECh. 6.3 - Prob. 25ECh. 6.3 - Prob. 26ECh. 6.3 - Prob. 27ECh. 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 - Prob. 34ECh. 6.3 - Prob. 35ECh. 6.3 - Prob. 36ECh. 6.3 - Prob. 37ECh. 6.3 - Prob. 38ECh. 6.3 - Prob. 39ECh. 6.3 - Prob. 40ECh. 6.3 - Prob. 41ECh. 6.3 - Prob. 42ECh. 6.3 - Prob. 43ECh. 6.3 - Prob. 44ECh. 6.3 - Prob. 45ECh. 6.3 - Prob. 46ECh. 6.3 - Prob. 47ECh. 6.3 - Prob. 48ECh. 6.3 - Prob. 49ECh. 6.3 - Prob. 50ECh. 6.3 - Prob. 51ECh. 6.3 - Prob. 52ECh. 6.3 - Prob. 53ECh. 6.3 - Prob. 54ECh. 6.3 - Prob. 55ECh. 6.3 - Prob. 56ECh. 6.3 - Prob. 57ECh. 6.3 - Prob. 58ECh. 6.3 - Prob. 59ECh. 6.3 - Prob. 60ECh. 6.3 - Prob. 61ECh. 6.3 - Prob. 62ECh. 6.3 -
In Exercises 61–68, construct a truth table to...Ch. 6.3 - Prob. 64ECh. 6.3 - Prob. 65ECh. 6.3 -
In Exercises 61–68, construct a truth table to...Ch. 6.3 - Prob. 67ECh. 6.3 - In Exercises 61 construct a truth table to prove...Ch. 6.3 -
Write a logical statement representing each...Ch. 6.3 - Prob. 70ECh. 6.3 - Prob. 71ECh. 6.3 - Prob. 72ECh. 6.3 -
Write a logical statement representing each...Ch. 6.3 - Prob. 74ECh. 6.3 - Prob. 75ECh. 6.3 - Prob. 76ECh. 6.3 - Prob. 77ECh. 6.3 - Draw circuits representing the following...Ch. 6.3 - Prob. 79ECh. 6.3 - Prob. 80ECh. 6.3 - Prob. 81ECh. 6.3 - Prob. 82ECh. 6.3 - Prob. 83ECh. 6.3 - Prob. 84ECh. 6.3 - Prob. 85ECh. 6.3 - Prob. 86ECh. 6.3 - Prob. 87ECh. 6.3 - Prob. 88ECh. 6.3 - Prob. 89ECh. 6.3 - Prob. 90ECh. 6.3 - Stocks An investor announces, If the value of my...Ch. 6.3 - Prob. 92ECh. 6.3 - Prob. 93ECh. 6.4 - For each given statement, write (a) the converse,...Ch. 6.4 - Prob. 2ECh. 6.4 -
For each given statement, write (a) the...Ch. 6.4 - Prob. 4ECh. 6.4 -
For each given statement, write (a) the...Ch. 6.4 - Prob. 6ECh. 6.4 - Prob. 7ECh. 6.4 - Prob. 8ECh. 6.4 - Prob. 9ECh. 6.4 -
For each given statement, write (a) the...Ch. 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. 6.4 - Prob. 20ECh. 6.4 - Prob. 21ECh. 6.4 - Prob. 22ECh. 6.4 - Prob. 23ECh. 6.4 - Prob. 24ECh. 6.4 - Write each statement in the form "if p then q. All...Ch. 6.4 - Prob. 26ECh. 6.4 - Write each statement in the form "if p then q." A...Ch. 6.4 - Prob. 28ECh. 6.4 - Prob. 29ECh. 6.4 - Prob. 30ECh. 6.4 - Prob. 31ECh. 6.4 - Prob. 32ECh. 6.4 - Prob. 33ECh. 6.4 - Prob. 34ECh. 6.4 - Prob. 35ECh. 6.4 - Prob. 36ECh. 6.4 - Prob. 37ECh. 6.4 - Prob. 38ECh. 6.4 - Prob. 39ECh. 6.4 - Prob. 40ECh. 6.4 - Prob. 41ECh. 6.4 - Prob. 42ECh. 6.4 - Prob. 43ECh. 6.4 - Prob. 44ECh. 6.4 - Prob. 45ECh. 6.4 - Prob. 46ECh. 6.4 - Prob. 47ECh. 6.4 - Prob. 48ECh. 6.4 - Prob. 49ECh. 6.4 - Prob. 50ECh. 6.4 - Prob. 51ECh. 6.4 - Prob. 52ECh. 6.4 - Prob. 53ECh. 6.4 - Prob. 54ECh. 6.4 - Sayings Rewrite each of the following statements...Ch. 6.4 - Prob. 56ECh. 6.4 - Prob. 57ECh. 6.5 - Each of the following arguments is either valid by...Ch. 6.5 - Prob. 2ECh. 6.5 - Each of the following arguments is either valid by...Ch. 6.5 - Prob. 4ECh. 6.5 -
Each of the following arguments is either valid...Ch. 6.5 - Prob. 6ECh. 6.5 - Each of the following arguments is either valid by...Ch. 6.5 - Prob. 8ECh. 6.5 - Prob. 9ECh. 6.5 - Prob. 10ECh. 6.5 -
Each of the following arguments is either valid...Ch. 6.5 - Prob. 12ECh. 6.5 - Prob. 13ECh. 6.5 - Prob. 14ECh. 6.5 - Prob. 15ECh. 6.5 - Prob. 16ECh. 6.5 - Prob. 17ECh. 6.5 - Prob. 18ECh. 6.5 - Determine whether each argument is valid or...Ch. 6.5 -
Determine whether each argument is valid or...Ch. 6.5 - Prob. 21ECh. 6.5 - Prob. 22ECh. 6.5 - Prob. 23ECh. 6.5 - Prob. 24ECh. 6.5 - Prob. 25ECh. 6.5 - Prob. 26ECh. 6.5 - Prob. 27ECh. 6.5 - Prob. 28ECh. 6.5 - For Exercises #x2013;37, determine whether each of...Ch. 6.5 - Prob. 30ECh. 6.5 -
For Exercises 29-37, determine whether each of...Ch. 6.5 - For Exercises 2937, determine whether each of the...Ch. 6.5 - Prob. 33ECh. 6.5 - Prob. 34ECh. 6.5 - For Exercises 2937, determine whether each of the...Ch. 6.5 - Prob. 36ECh. 6.5 - Prob. 37ECh. 6.5 - Prob. 38ECh. 6.5 - Prob. 39ECh. 6.5 - Prob. 40ECh. 6.5 - Prob. 41ECh. 6.5 - Prob. 42ECh. 6.5 - Prob. 43ECh. 6.5 - Prob. 44ECh. 6.6 -
For Exercises 1–6, (a) write the statement...Ch. 6.6 - Prob. 2ECh. 6.6 - For Exercises 16, (a) write the statement...Ch. 6.6 - Prob. 4ECh. 6.6 -
For Exercises 1–6, (a) write the statement...Ch. 6.6 - Prob. 6ECh. 6.6 -
In Exercises 7–20, (a) represent the argument...Ch. 6.6 - Prob. 8ECh. 6.6 - Prob. 9ECh. 6.6 - Prob. 10ECh. 6.6 - Prob. 11ECh. 6.6 -
In Exercises 7–20, (a) represent the argument...Ch. 6.6 - Prob. 13ECh. 6.6 - Prob. 14ECh. 6.6 - Prob. 15ECh. 6.6 - Prob. 16ECh. 6.6 - Prob. 17ECh. 6.6 -
In Exercises 7–20, (a) represent the argument...Ch. 6.6 -
In Exercises 7–20, (a) represent the argument...Ch. 6.6 - Prob. 20ECh. 6.6 - Prob. 21ECh. 6.6 - Prob. 22ECh. 6.6 - Prob. 23ECh. 6.6 - Prob. 24ECh. 6.6 - Prob. 25ECh. 6.6 - Prob. 26ECh. 6.6 - Prob. 27ECh. 6.6 - Prob. 28ECh. 6.6 - Prob. 29ECh. 6.6 - Prob. 30ECh. 6.6 - Prob. 31ECh. 6.6 - Prob. 32ECh. 6.6 - Prob. 33ECh. 6.6 - Prob. 34ECh. 6.6 - Prob. 35ECh. 6.6 - Prob. 36ECh. 6.6 - Prob. 37ECh. 6.6 - Prob. 38ECh. 6.6 - Prob. 39ECh. 6.6 - Social Sciences Constitution Each of the following...Ch. 6.6 - Prob. 41ECh. 6.6 -
42. Bible Write the negation of each of the...Ch. 6.6 - Prob. 43ECh. 6.6 - Prob. 44ECh. 6.6 - Prob. 45ECh. 6.6 - Prob. 46ECh. 6.6 - Prob. 47ECh. 6.6 - Prob. 48ECh. 6 - Water, Water, Everywhere After an invigorating...Ch. 6 - Prob. 2EACh. 6 - Prob. 3EACh. 6 - Prob. 4EACh. 6 - Prob. 5EACh. 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 -
Write the negation of each statement.
14. We...Ch. 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 - Assume that p is true and that q and r are false....Ch. 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 -
42. (a) Consider The statement “If Shakespeare...Ch. 6 - Each of the following arguments is either valid by...Ch. 6 - Prob. 44RECh. 6 - Prob. 45RECh. 6 - Prob. 46RECh. 6 - Prob. 47RECh. 6 - Prob. 48RECh. 6 - Determine whether each argument is valid or...Ch. 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 -
Lewis Carroll The following exercises are from...
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