Applied Statistics and Probability for Engineers
6th Edition
ISBN: 9781118539712
Author: Douglas C. Montgomery
Publisher: WILEY
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Chapter 6.5, Problem 88E
To determine
Construct a stem-and-leaf display for each column of the data and interpret.
Construct a time series plot for each column of the data and interpret.
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PEER REPLY 1:
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value to each).
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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.
You are provided with data that includes all 50 states of the United States. Your task is to draw a sample of: o 20 States using Random Sampling (2 points: 1 for random number generation; 1 for random sample) o 10 States using Systematic Sampling (4 points: 1 for random numbers generation; 1 for random sample different from the previous answer; 1 for correct K value calculation table; 1 for correct sample drawn by using systematic sampling) (For systematic sampling, do not use the original data directly. Instead, first randomize the data, and then use the randomized dataset to draw your sample. Furthermore, do not use the random list previously generated, instead, generate a new random sample for this part. For more details, please see the snapshot provided at the end.) Upload a Microsoft Excel file with two separate sheets. One sheet provides random sampling while the other provides systematic sampling. Excel snapshots that can help you in organizing columns are provided on the next…
Chapter 6 Solutions
Applied Statistics and Probability for Engineers
Ch. 6.1 - 6-1. Will the sample mean always correspond to one...Ch. 6.1 - 6-2. Will exactly half of the observations in a...Ch. 6.1 - Prob. 3ECh. 6.1 - 6-4. For any set of data values, is it possible...Ch. 6.1 - 6-5. Can the sample standard deviation be equal to...Ch. 6.1 - 6-6. Suppose that you add 10 to all of the...Ch. 6.1 - 6-7. Eight measurements were made on the inside...Ch. 6.1 - Prob. 8ECh. 6.1 - Prob. 9ECh. 6.1 - 6-10. An article in the Journal of Structural...
Ch. 6.1 - Prob. 11ECh. 6.1 - Prob. 12ECh. 6.1 - Prob. 13ECh. 6.1 - 6-14. Preventing fatigue crack propagation in...Ch. 6.1 - 6-15. An article in the Journal of Physiology...Ch. 6.1 - Prob. 16ECh. 6.1 - 6-17. The pH of a solution is measured eight times...Ch. 6.1 - Prob. 18ECh. 6.1 - Prob. 19ECh. 6.1 - Prob. 20ECh. 6.1 - Prob. 21ECh. 6.1 - 6-22. Cloud seeding, a process in which chemicals...Ch. 6.1 - Prob. 23ECh. 6.1 - Prob. 24ECh. 6.2 - 6-25. For the data in Exercise 6-20,
(a) Construct...Ch. 6.2 - 6-26. For the data in Exercise 6-21,
(a) Construct...Ch. 6.2 - Prob. 27ECh. 6.2 - Prob. 28ECh. 6.2 - Prob. 29ECh. 6.2 - 6-30. An article in Technometrics (1977, Vol. 19,...Ch. 6.2 - 6-31. Go Tutorial The following data are the...Ch. 6.2 - Prob. 32ECh. 6.2 - 6-33. The following data represent the yield on 90...Ch. 6.2 - 6-34. Calculate the sample median, mode, and mean...Ch. 6.2 - Prob. 35ECh. 6.2 - Prob. 36ECh. 6.2 - Prob. 37ECh. 6.2 - Prob. 38ECh. 6.2 - Prob. 39ECh. 6.2 - 6-40. An important quality characteristic of water...Ch. 6.2 - Prob. 41ECh. 6.2 - 6-42. A semiconductor manufacturer produces...Ch. 6.2 - Prob. 43ECh. 6.2 - 6-44. In their book Introduction to Linear...Ch. 6.2 - Prob. 45ECh. 6.3 - 6-46. Construct a frequency distribution and...Ch. 6.3 - 6-47. Construct a frequency distribution and...Ch. 6.3 - 6-48. Construct a frequency distribution and...Ch. 6.3 - Prob. 49ECh. 6.3 - 6-50. Construct frequency distributions and...Ch. 6.3 - 6-51. Construct histograms with 8 and 16 bins for...Ch. 6.3 - 6-52. Construct histograms with 8 and 16 bins for...Ch. 6.3 - Prob. 53ECh. 6.3 - 6-54. Construct a histogram for the female student...Ch. 6.3 - 6-55. Construct a histogram for the spot weld...Ch. 6.3 - 6-56. Construct a histogram for the water quality...Ch. 6.3 - Prob. 57ECh. 6.3 - Prob. 58ECh. 6.3 - 6-59. Construct a histogram for the pinot noir...Ch. 6.3 - Prob. 60ECh. 6.3 - Prob. 61ECh. 6.3 - Prob. 62ECh. 6.3 - 6-63. Construct a frequency distribution and...Ch. 6.3 - Prob. 64ECh. 6.4 - 6-65. Using the data on bridge conditions from...Ch. 6.4 - 6-66. Using the data on acid rain from Exercise...Ch. 6.4 - 6-67. Using the data from Exercise 6-22 on cloud...Ch. 6.4 - 6-68. Using the data from Exercise 6-24 on swim...Ch. 6.4 - Prob. 69ECh. 6.4 - Prob. 70ECh. 6.4 - 6-71. The nine measurements that follow are...Ch. 6.4 - Prob. 72ECh. 6.4 - Prob. 73ECh. 6.4 - Prob. 75ECh. 6.4 - Prob. 76ECh. 6.4 - Prob. 77ECh. 6.4 - Prob. 78ECh. 6.4 - Prob. 79ECh. 6.4 - 6-80 In Exercise 6-69, data were presented on the...Ch. 6.4 - 6-81. An article in Nature Genetics...Ch. 6.5 - 6-82. The following data are the viscosity...Ch. 6.5 - Prob. 83ECh. 6.5 - 6-84. In their book Time Series Analysis,...Ch. 6.5 - Prob. 85ECh. 6.5 - Prob. 86ECh. 6.5 - Prob. 87ECh. 6.5 - Prob. 88ECh. 6.5 - Prob. 89ECh. 6.6 - Prob. 90ECh. 6.6 - Prob. 91ECh. 6.6 - 6-92. An article in the Journal of Pharmaceuticals...Ch. 6.7 - 6-93. Construct a normal probability plot of the...Ch. 6.7 - 6-94. Construct a normal probability plot of the...Ch. 6.7 - Prob. 95ECh. 6.7 - 6-96. Construct a normal probability plot of the...Ch. 6.7 - Prob. 97ECh. 6.7 - 6-98. Construct a normal probability plot of the...Ch. 6.7 - Prob. 99ECh. 6.7 - 6-100. Construct a normal probability plot of the...Ch. 6.7 - Prob. 101ECh. 6.7 - Prob. 102ECh. 6 - Prob. 103SECh. 6 - 6-104. The concentration of a solution is measured...Ch. 6 - 6-105. Table 6E.10 shows unemployment data for the...Ch. 6 - 6-106. A sample of six resistors yielded the...Ch. 6 - 6-107. Consider the following two samples:
Sample...Ch. 6 - 6-108. An article in Quality Engineering (1992....Ch. 6 - Prob. 109SECh. 6 - Prob. 110SECh. 6 - Prob. 111SECh. 6 - Prob. 112SECh. 6 - 6-113. Q A manufacturer of coil springs is...Ch. 6 - 6-114. A communication channel is being monitored...Ch. 6 - Prob. 115SECh. 6 - Prob. 116SECh. 6 - 6-117. Construct a normal probability plot of the...Ch. 6 - Prob. 118SECh. 6 - Prob. 119SECh. 6 - Prob. 120SECh. 6 - Prob. 121SECh. 6 - 6-122. In 1789, Henry Cavendish estimated the...Ch. 6 - Prob. 123SECh. 6 - 6-124. Patients arriving at a hospital emergency...Ch. 6 - Prob. 125SECh. 6 - 6-126. The energy consumption for 90 gas-heated...Ch. 6 - Prob. 127SECh. 6 - Prob. 128SECh. 6 - Prob. 129SECh. 6 - Prob. 130SECh. 6 - Prob. 131SECh. 6 - Prob. 132SECh. 6 - Prob. 133SECh. 6 - Prob. 134SECh. 6 - Prob. 135SECh. 6 - Prob. 136SECh. 6 - Prob. 137SE
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