MATH IN OUR WORLD:LL W/ALEKS >BI<
4th Edition
ISBN: 9781260513714
Author: sobecki
Publisher: MCG
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Chapter 8.1, Problem 20E
To determine
To convert: 182 feet to yards.
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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 8 Solutions
MATH IN OUR WORLD:LL W/ALEKS >BI<
Ch. 8.1 - Prob. 1TTOCh. 8.1 - Convert 81 feet to yards.Ch. 8.1 - Prob. 3TTOCh. 8.1 - A football field is 100 yards long. How many...Ch. 8.1 - The speed of sound at sea level and room...Ch. 8.1 - Prob. 6TTOCh. 8.1 - Prob. 7TTOCh. 8.1 - Prob. 8TTOCh. 8.1 - Prob. 1ECh. 8.1 - Prob. 2E
Ch. 8.1 - Prob. 3ECh. 8.1 - Prob. 4ECh. 8.1 - Prob. 5ECh. 8.1 - Describe a good rule of thumb for relating inches...Ch. 8.1 - Prob. 7ECh. 8.1 - Writing Exercises
8. Describe the rules for...Ch. 8.1 - Prob. 9ECh. 8.1 - Prob. 10ECh. 8.1 - For Exercises 718, convert each using dimensional...Ch. 8.1 - Prob. 12ECh. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Prob. 15ECh. 8.1 - Prob. 16ECh. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Prob. 19ECh. 8.1 - Prob. 20ECh. 8.1 - Prob. 21ECh. 8.1 - Prob. 22ECh. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - Prob. 24ECh. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - Prob. 26ECh. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.1 - Prob. 31ECh. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - Prob. 34ECh. 8.1 - Prob. 35ECh. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Prob. 38ECh. 8.1 - Prob. 39ECh. 8.1 - Prob. 40ECh. 8.1 - Prob. 41ECh. 8.1 - Prob. 42ECh. 8.1 - Prob. 43ECh. 8.1 - Prob. 44ECh. 8.1 - Prob. 45ECh. 8.1 - Prob. 46ECh. 8.1 - Prob. 47ECh. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - Prob. 49ECh. 8.1 - Prob. 50ECh. 8.1 - For Exercises 1958, convert each measurement to...Ch. 8.1 - Prob. 52ECh. 8.1 - Prob. 53ECh. 8.1 - Prob. 54ECh. 8.1 - Prob. 55ECh. 8.1 - Prob. 56ECh. 8.1 - Prob. 57ECh. 8.1 - Prob. 58ECh. 8.1 - Prob. 59ECh. 8.1 - Prob. 60ECh. 8.1 - Prob. 61ECh. 8.1 - A professional basketball court is 94 feet long....Ch. 8.1 - Prob. 63ECh. 8.1 - Prob. 64ECh. 8.1 - Prob. 65ECh. 8.1 - Prob. 66ECh. 8.1 - Prob. 67ECh. 8.1 - What are the dimensions of a 6 dm by 5 dm piece of...Ch. 8.1 - Prob. 69ECh. 8.1 - If a millipede has 1,000 legs, how many legs would...Ch. 8.1 - Prob. 71ECh. 8.1 - Prob. 72ECh. 8.1 - Prob. 73ECh. 8.1 - Prob. 74ECh. 8.1 - Prob. 75ECh. 8.1 - Prob. 76ECh. 8.1 - Prob. 77ECh. 8.1 - Prob. 78ECh. 8.1 - Prob. 80ECh. 8.1 - Prob. 81ECh. 8.1 - Prob. 82ECh. 8.1 - A college is building a new basketball court that...Ch. 8.1 - If three servings of ice cream have 20 grams of...Ch. 8.1 - Prob. 85ECh. 8.1 - The campus fitness center is installing an...Ch. 8.1 - Prob. 87ECh. 8.1 - Prob. 88ECh. 8.1 - Prob. 89ECh. 8.1 - Prob. 90ECh. 8.1 - Prob. 91ECh. 8.1 - Prob. 92ECh. 8.1 - Prob. 93ECh. 8.1 - Prob. 94ECh. 8.1 - Prob. 95ECh. 8.1 - Prob. 96ECh. 8.1 - Prob. 97ECh. 8.1 - Prob. 98ECh. 8.1 - Prob. 99ECh. 8.1 - In Problems 95104, decide what units in both the...Ch. 8.1 - Prob. 101ECh. 8.1 - Prob. 102ECh. 8.1 - In Problems 95104, decide what units in both the...Ch. 8.1 - In Problems 95104, decide what units in both the...Ch. 8.1 - Prob. 105ECh. 8.1 - Prob. 106ECh. 8.1 - Prob. 107ECh. 8.1 - Prob. 108ECh. 8.1 - Prob. 109ECh. 8.1 - What units would 7,000 cm have to be converted to...Ch. 8.1 - Prob. 111ECh. 8.2 - Prob. 1TTOCh. 8.2 - A 32-in. wide-screen TV has screen area 3.05 ft2....Ch. 8.2 - Prob. 3TTOCh. 8.2 - Prob. 4TTOCh. 8.2 - Fussy University prohibits any displays on...Ch. 8.2 - Prob. 6TTOCh. 8.2 - Prob. 7TTOCh. 8.2 - Prob. 8TTOCh. 8.2 - Prob. 9TTOCh. 8.2 - Prob. 10TTOCh. 8.2 - Prob. 11TTOCh. 8.2 - Prob. 1ECh. 8.2 - Prob. 2ECh. 8.2 - Prob. 3ECh. 8.2 - Prob. 4ECh. 8.2 - Prob. 5ECh. 8.2 - Prob. 6ECh. 8.2 - Prob. 7ECh. 8.2 - For Exercises 768, convert each measurement to the...Ch. 8.2 - For Exercises 768, convert each measurement to the...Ch. 8.2 - Prob. 10ECh. 8.2 - Prob. 11ECh. 8.2 - Prob. 12ECh. 8.2 - Prob. 13ECh. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - Prob. 17ECh. 8.2 - Prob. 18ECh. 8.2 - Prob. 19ECh. 8.2 - Prob. 20ECh. 8.2 - Prob. 21ECh. 8.2 - Prob. 22ECh. 8.2 - Prob. 23ECh. 8.2 - Prob. 24ECh. 8.2 - Prob. 25ECh. 8.2 - Prob. 26ECh. 8.2 - Prob. 27ECh. 8.2 - Prob. 28ECh. 8.2 - Prob. 29ECh. 8.2 - Prob. 30ECh. 8.2 - Prob. 31ECh. 8.2 - Prob. 32ECh. 8.2 - Prob. 33ECh. 8.2 - Prob. 34ECh. 8.2 - Prob. 35ECh. 8.2 - Prob. 36ECh. 8.2 - Prob. 37ECh. 8.2 - Prob. 38ECh. 8.2 - Prob. 39ECh. 8.2 - Prob. 40ECh. 8.2 - Prob. 41ECh. 8.2 - Prob. 42ECh. 8.2 - Prob. 43ECh. 8.2 - For Exercises 768, convert each measurement to the...Ch. 8.2 - Prob. 45ECh. 8.2 - Prob. 46ECh. 8.2 - Prob. 47ECh. 8.2 - Prob. 48ECh. 8.2 - Prob. 49ECh. 8.2 - Prob. 50ECh. 8.2 - Prob. 51ECh. 8.2 - Prob. 52ECh. 8.2 - Prob. 53ECh. 8.2 - Prob. 54ECh. 8.2 - Prob. 55ECh. 8.2 - Prob. 56ECh. 8.2 - Prob. 57ECh. 8.2 - Prob. 58ECh. 8.2 - Prob. 59ECh. 8.2 - Prob. 60ECh. 8.2 - Prob. 61ECh. 8.2 - Prob. 62ECh. 8.2 - Prob. 63ECh. 8.2 - Prob. 64ECh. 8.2 - Prob. 65ECh. 8.2 - Prob. 66ECh. 8.2 - Prob. 67ECh. 8.2 - Prob. 68ECh. 8.2 - Prob. 69ECh. 8.2 - Jose has a 15-m2 garden and plans to buy some...Ch. 8.2 - Dan wants to pour a concrete patio in his...Ch. 8.2 - Chloe drank two 20-oz bottles of Diet Pepsi while...Ch. 8.2 - Prob. 73ECh. 8.2 - Prob. 74ECh. 8.2 - Prob. 75ECh. 8.2 - Prob. 76ECh. 8.2 - Prob. 77ECh. 8.2 - Prob. 78ECh. 8.2 - Five cubic feet of seawater have flooded into a...Ch. 8.2 - Prob. 80ECh. 8.2 - Prob. 81ECh. 8.2 - Prob. 82ECh. 8.2 - A search party covered 6 square miles of territory...Ch. 8.2 - A Jacuzzi was filled with 200 gallons of water....Ch. 8.2 - Prob. 85ECh. 8.2 - Prob. 86ECh. 8.2 - Prob. 87ECh. 8.2 - Prob. 88ECh. 8.2 - Prob. 89ECh. 8.2 - In Problems 8590, which unit would be most...Ch. 8.2 - Prob. 91ECh. 8.2 - Prob. 92ECh. 8.2 - Prob. 93ECh. 8.2 - Prob. 94ECh. 8.2 - Prob. 95ECh. 8.2 - Prob. 96ECh. 8.2 - Prob. 97ECh. 8.2 - Prob. 98ECh. 8.2 - Without doing any calculating, which sounds like...Ch. 8.2 - Prob. 102ECh. 8.2 - Prob. 104ECh. 8.2 - As a general rule, there are about 20 drops of...Ch. 8.3 - Prob. 1TTOCh. 8.3 - Prob. 2TTOCh. 8.3 - Prob. 3TTOCh. 8.3 - (a) One of the weight classes in Olympic boxing is...Ch. 8.3 - Barts football coach tells him that hell start...Ch. 8.3 - Prob. 6TTOCh. 8.3 - Prob. 7TTOCh. 8.3 - Prob. 1ECh. 8.3 - In most applications, weight and mass are treated...Ch. 8.3 - Even though the base unit of mass/weight in the...Ch. 8.3 - Measuring temperatures in metric units is...Ch. 8.3 - How do powers of 10 fit into the metric system of...Ch. 8.3 - Prob. 6ECh. 8.3 - For Exercises 716, convert to the indicated unit....Ch. 8.3 - For Exercises 716, convert to the indicated unit....Ch. 8.3 - For Exercises 716, convert to the indicated unit....Ch. 8.3 - For Exercises 716, convert to the indicated unit....Ch. 8.3 - Prob. 11ECh. 8.3 - Prob. 12ECh. 8.3 - Prob. 13ECh. 8.3 - Prob. 14ECh. 8.3 - For Exercises 716, convert to the indicated unit....Ch. 8.3 - For Exercises 716, convert to the indicated unit....Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 1730, convert each metric weight to...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 3146, convert each amount to the...Ch. 8.3 - For Exercises 4752, convert each Celsius...Ch. 8.3 - For Exercises 4752, convert each Celsius...Ch. 8.3 - For Exercises 4752, convert each Celsius...Ch. 8.3 - For Exercises 4752, convert each Celsius...Ch. 8.3 - For Exercises 4752, convert each Celsius...Ch. 8.3 - For Exercises 4752, convert each Celsius...Ch. 8.3 - For Exercises 5358, convert each Fahrenheit...Ch. 8.3 - Prob. 54ECh. 8.3 - Prob. 55ECh. 8.3 - For Exercises 5358, convert each Fahrenheit...Ch. 8.3 - Prob. 57ECh. 8.3 - Prob. 58ECh. 8.3 - Prob. 59ECh. 8.3 - Prob. 60ECh. 8.3 - Prob. 61ECh. 8.3 - Prob. 62ECh. 8.3 - Prob. 63ECh. 8.3 - Prob. 64ECh. 8.3 - Prob. 65ECh. 8.3 - Prob. 66ECh. 8.3 - Prob. 67ECh. 8.3 - Prob. 68ECh. 8.3 - Prob. 69ECh. 8.3 - For a chicken Marsala recipe, Janine needed 24 oz...Ch. 8.3 - Prob. 71ECh. 8.3 - Prob. 72ECh. 8.3 - Prob. 73ECh. 8.3 - Prob. 74ECh. 8.3 - Prob. 75ECh. 8.3 - While building a new playground at the city...Ch. 8.3 - Prob. 77ECh. 8.3 - During a dinner at Outback Steakhouse, a family of...Ch. 8.3 - An elevator says the maximum capacity is 1,000 kg....Ch. 8.3 - Prob. 80ECh. 8.3 - If the temperature goes down by 7 degrees Celsius...Ch. 8.3 - Between 8 A.M. and noon, the temperature rose by...Ch. 8.3 - Prob. 83ECh. 8.3 - A 1.7-ton truck crosses the border into Canada....Ch. 8.3 - Prob. 85ECh. 8.3 - Prob. 86ECh. 8.3 - Prob. 87ECh. 8.3 - 88.
According to the Guinness Book of World...Ch. 8.3 - Prob. 89ECh. 8.3 - In Exercises 90–93, which would be the most...Ch. 8.3 - Prob. 91ECh. 8.3 - In Exercises 90–93, which would be the most...Ch. 8.3 - In Exercises 90–93, which would be the most...Ch. 8.3 - Prob. 94ECh. 8.3 - (a) The bar graph shows the average monthly high...Ch. 8.3 - Australia is one of the worlds leading producers...Ch. 8.3 - Prob. 101ECh. 8.3 - Prob. 102ECh. 8.3 - Prob. 103ECh. 8.3 - Prob. 104ECh. 8.3 - Prob. 105ECh. 8 - For Exercises 116, convert each of the following...Ch. 8 - Prob. 2RECh. 8 - Prob. 3RECh. 8 - Prob. 4RECh. 8 - Prob. 5RECh. 8 - Prob. 6RECh. 8 - Prob. 7RECh. 8 - Prob. 8RECh. 8 - Prob. 9RECh. 8 - Prob. 10RECh. 8 - Prob. 11RECh. 8 - Prob. 12RECh. 8 - Prob. 13RECh. 8 - Prob. 14RECh. 8 - Prob. 15RECh. 8 - For Exercises 116, convert each of the following...Ch. 8 - Prob. 17RECh. 8 - Prob. 18RECh. 8 - Prob. 19RECh. 8 - Prob. 20RECh. 8 - Prob. 21RECh. 8 - Prob. 22RECh. 8 - Prob. 23RECh. 8 - Prob. 24RECh. 8 - Prob. 25RECh. 8 - Prob. 26RECh. 8 - Prob. 27RECh. 8 - Prob. 28RECh. 8 - Prob. 29RECh. 8 - Prob. 30RECh. 8 - Prob. 31RECh. 8 - Prob. 32RECh. 8 - For Exercises 2341, convert each of the following...Ch. 8 - Prob. 34RECh. 8 - Prob. 35RECh. 8 - Prob. 36RECh. 8 - Prob. 37RECh. 8 - Prob. 38RECh. 8 - Prob. 39RECh. 8 - Prob. 40RECh. 8 - Prob. 41RECh. 8 - Prob. 42RECh. 8 - Prob. 43RECh. 8 - Prob. 44RECh. 8 - Prob. 45RECh. 8 - Prob. 46RECh. 8 - Prob. 47RECh. 8 - Prob. 48RECh. 8 - Prob. 49RECh. 8 - Prob. 50RECh. 8 - Prob. 51RECh. 8 - Prob. 52RECh. 8 - Prob. 53RECh. 8 - Prob. 54RECh. 8 - Prob. 55RECh. 8 - Prob. 56RECh. 8 - Prob. 57RECh. 8 - Prob. 58RECh. 8 - Prob. 59RECh. 8 - Prob. 60RECh. 8 - For Exercises 4962, convert each of the following...Ch. 8 - Prob. 62RECh. 8 - Prob. 63RECh. 8 - Prob. 64RECh. 8 - Prob. 65RECh. 8 - Prob. 66RECh. 8 - Prob. 67RECh. 8 - Prob. 68RECh. 8 - How many pounds is a baby who weighs 3,200 g?Ch. 8 - Heinrichs temperature is 38.5C. A person is...Ch. 8 - Prob. 71RECh. 8 - Prob. 72RECh. 8 - Prob. 73RECh. 8 - Prob. 1CTCh. 8 - Prob. 2CTCh. 8 - Prob. 3CTCh. 8 - Prob. 4CTCh. 8 - Prob. 5CTCh. 8 - Prob. 6CTCh. 8 - Prob. 7CTCh. 8 - Prob. 8CTCh. 8 - Prob. 9CTCh. 8 - Prob. 10CTCh. 8 - Prob. 11CTCh. 8 - For Exercises 121, convert each of the following:...Ch. 8 - Prob. 13CTCh. 8 - Prob. 14CTCh. 8 - Prob. 15CTCh. 8 - Prob. 16CTCh. 8 - Prob. 17CTCh. 8 - Prob. 18CTCh. 8 - Prob. 19CTCh. 8 - Prob. 20CTCh. 8 - Prob. 21CTCh. 8 - Prob. 22CTCh. 8 - If a runner averages 5.9 feet per second, how long...Ch. 8 - Prob. 24CTCh. 8 - Prob. 25CTCh. 8 - Prob. 26CTCh. 8 - Prob. 27CTCh. 8 - Prob. 28CTCh. 8 - Prob. 29CTCh. 8 - Prob. 30CTCh. 8 - A young family is looking to buy a house and...Ch. 8 - Prob. 32CTCh. 8 - Prob. 33CT
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