Determine the probability that in the sample between 30 % and 38 % U.S companies have three or more female board directors.

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Answer 1

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Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

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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.

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Answer 2

Question

Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

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Answer 3

Question

Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

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Check out a sample textbook solution

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Answer 4

Question

Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

Answer 6

Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

Answer 7

Chapter 7, Problem 18PS

a.

To determine

Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

Answer 8

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

Answer 9

b.

To determine

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

Answer 10

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

Answer 11

c.

To determine

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

Answer 12

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Answer 13

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Answer 14

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Answer 15

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Determine the probability that in the sample between 30 % and 38 % U.S companies have three or more female board directors.

Solution Summary: The author calculates the probability that U.S companies have three or more female board directors in a sample of 200 companies.

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Determine the probability that in the sample between 30% and 38% U.S companies have three or more female board directors.

Determine the symmetric limits of the proportion between which 90% US companies in a sample have three or more female board directors.

Determine the symmetric limits of the proportion between which 95% US companies in a sample have three or more female board directors

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