Bundle: Elementary Technical Mathematics, Loose-leaf Version, 12th + WebAssign Printed Access Card, Single-Term
12th Edition
ISBN: 9781337890199
Author: Dale Ewen
Publisher: Cengage Learning
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Chapter 8.3, Problem 3E
To determine
To calculate: The slope of the line if the line passes through the pair of points
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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 show all the work
Chapter 8 Solutions
Bundle: Elementary Technical Mathematics, Loose-leaf Version, 12th + WebAssign Printed Access Card, Single-Term
Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 4ECh. 8.1 - Prob. 5ECh. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 7ECh. 8.1 - Prob. 8ECh. 8.1 - Prob. 9ECh. 8.1 - Prob. 10E
Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 12ECh. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 20ECh. 8.1 - Prob. 21ECh. 8.1 - Prob. 22ECh. 8.1 - Prob. 23ECh. 8.1 - Prob. 24ECh. 8.1 - Prob. 25ECh. 8.1 - Solve for y in terms of x: 4x+5y=10Ch. 8.1 - Prob. 27ECh. 8.1 - Solve for y in terms of x: 2x+2y=5Ch. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.1 - Prob. 31ECh. 8.1 - Prob. 32ECh. 8.1 - Prob. 33ECh. 8.1 - Prob. 34ECh. 8.1 - Prob. 35ECh. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Write the ordered pair corresponding to each point...Ch. 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 - Write the ordered pair corresponding to each point...Ch. 8.1 - Prob. 47ECh. 8.1 - Prob. 48ECh. 8.1 - Prob. 49ECh. 8.1 - Prob. 50ECh. 8.1 - Prob. 51ECh. 8.1 - Prob. 52ECh. 8.1 - Prob. 53ECh. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Prob. 63ECh. 8.1 - Prob. 64ECh. 8.1 - Prob. 65ECh. 8.1 - Prob. 66ECh. 8.2 - Draw the graph of each equation: x+y=7Ch. 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 - Draw the graph of each equation: 2x+3y=9Ch. 8.2 - Prob. 9ECh. 8.2 - Prob. 10ECh. 8.2 - Draw the graph of each equation: 5x+4y=20Ch. 8.2 - Prob. 12ECh. 8.2 - Prob. 13ECh. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - Draw the graph of each equation: 3x+5y=11Ch. 8.2 - Prob. 18ECh. 8.2 - Prob. 19ECh. 8.2 - Prob. 20ECh. 8.2 - Draw the graph of each equation: y=3Ch. 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 - Identify the independent and dependent variables...Ch. 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 - Identify the independent and dependent variables...Ch. 8.2 - Prob. 41ECh. 8.2 - The voltage, v (in mV), in an electrical circuit...Ch. 8.2 - The resistance, R, in an electrical circuit varies...Ch. 8.2 - Prob. 44ECh. 8.2 - The voltage, v, in an electrical circuit is given...Ch. 8.2 - Prob. 46ECh. 8.3 - Find the slope of the passing through each pair of...Ch. 8.3 - Prob. 2ECh. 8.3 - Prob. 3ECh. 8.3 - Prob. 4ECh. 8.3 - Prob. 5ECh. 8.3 - Find the slope of the passing through each pair of...Ch. 8.3 - Prob. 7ECh. 8.3 - Prob. 8ECh. 8.3 - Prob. 9ECh. 8.3 - Prob. 10ECh. 8.3 - Prob. 11ECh. 8.3 - Prob. 12ECh. 8.3 - Find the slope of each line:Ch. 8.3 - Prob. 14ECh. 8.3 - Prob. 15ECh. 8.3 - Prob. 16ECh. 8.3 - Find the slope of each line:Ch. 8.3 - Find the slope of each line:Ch. 8.3 - Find the slope of each line: y=6x+2Ch. 8.3 - Prob. 20ECh. 8.3 - Find the slope of each line: y=5x7Ch. 8.3 - Prob. 22ECh. 8.3 - Prob. 23ECh. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - Prob. 28ECh. 8.3 - Prob. 29ECh. 8.3 - Prob. 30ECh. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Prob. 33ECh. 8.3 - Prob. 34ECh. 8.3 - Prob. 35ECh. 8.3 - Prob. 36ECh. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.4 - Draw the graph of each line with the given slope...Ch. 8.4 - Draw the graph of each line with the given slope...Ch. 8.4 - Prob. 3ECh. 8.4 - Prob. 4ECh. 8.4 - Prob. 5ECh. 8.4 - Prob. 6ECh. 8.4 - Prob. 7ECh. 8.4 - Prob. 8ECh. 8.4 - Prob. 9ECh. 8.4 - Prob. 10ECh. 8.4 - Prob. 11ECh. 8.4 - Prob. 12ECh. 8.4 - Prob. 13ECh. 8.4 - Prob. 14ECh. 8.4 - Prob. 15ECh. 8.4 - Prob. 16ECh. 8.4 - Prob. 17ECh. 8.4 - Draw the graph of each equation using the slope...Ch. 8.4 - Prob. 19ECh. 8.4 - Draw the graph of each equation using the slope...Ch. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Prob. 23ECh. 8.4 - Prob. 24ECh. 8.4 - Prob. 25ECh. 8.4 - Find the equation of the line with given slope and...Ch. 8.4 - Prob. 27ECh. 8.4 - Find the equation of the line with given slope and...Ch. 8.4 - Prob. 29ECh. 8.4 - Prob. 30ECh. 8.4 - Prob. 31ECh. 8.4 - Prob. 32ECh. 8.4 - Prob. 33ECh. 8.4 - Prob. 34ECh. 8.4 - Prob. 35ECh. 8.4 - Prob. 36ECh. 8.4 - Prob. 37ECh. 8.4 - Draw the graph of the line through the given point...Ch. 8.4 - Draw the graph of the line through the given point...Ch. 8.4 - Prob. 40ECh. 8.4 - Prob. 41ECh. 8.4 - Prob. 42ECh. 8.4 - Prob. 43ECh. 8.4 - Prob. 44ECh. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Prob. 47ECh. 8.4 - Prob. 48ECh. 8.4 - Prob. 49ECh. 8.4 - Prob. 50ECh. 8.4 - Prob. 51ECh. 8.4 - Prob. 52ECh. 8.4 - Prob. 53ECh. 8.4 - Prob. 54ECh. 8.4 - Prob. 55ECh. 8.4 - Prob. 56ECh. 8.4 - Prob. 57ECh. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Prob. 60ECh. 8 - Prob. 1RCh. 8 - Complete the ordered-pair solution of each...Ch. 8 - Solve for y: 6x+y=15.Ch. 8 - Solve For y:3x5y=10.Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Plot each point in the number plane. Label each...Ch. 8 - Prob. 10RCh. 8 - Prob. 11RCh. 8 - Prob. 12RCh. 8 - Draw the graph of each equation: x+y=8Ch. 8 - Prob. 14RCh. 8 - Draw the graph of each equation: 3x+6y=12Ch. 8 - Draw the graph of each equation: 4x5y=15Ch. 8 - Prob. 17RCh. 8 - Prob. 18RCh. 8 - Draw the graph of each equation: x=6Ch. 8 - Draw the graph of each equation: y=7Ch. 8 - Find the slope of the line passing through each...Ch. 8 - Find the slope of the line passing through each...Ch. 8 - Prob. 23RCh. 8 - Prob. 24RCh. 8 - Prob. 25RCh. 8 - Prob. 26RCh. 8 - Prob. 27RCh. 8 - Prob. 28RCh. 8 - Prob. 29RCh. 8 - Prob. 30RCh. 8 - Prob. 31RCh. 8 - Prob. 32RCh. 8 - Prob. 33RCh. 8 - Prob. 34RCh. 8 - Prob. 35RCh. 8 - Prob. 36RCh. 8 - Prob. 37RCh. 8 - Prob. 38RCh. 8 - Find the equation of the line through the given...Ch. 8 - Find the equation of the line through the given...Ch. 8 - Prob. 41RCh. 8 - Find the equation of the line through the given...Ch. 8 - Given the equation 3x4y=24, complete each ordered...Ch. 8 - Given the equation 3x4y=24, complete each ordered...Ch. 8 - Prob. 3TCh. 8 - Prob. 4TCh. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Prob. 6TCh. 8 - Prob. 7TCh. 8 - Prob. 8TCh. 8 - Prob. 9TCh. 8 - Prob. 10TCh. 8 - Find the slope of each line: y=3x2Ch. 8 - Prob. 12TCh. 8 - Prob. 13TCh. 8 - Prob. 14TCh. 8 - Prob. 15TCh. 8 - Prob. 16TCh. 8 - Prob. 17TCh. 8 - Draw the graph of the line y=12x+4, using its...Ch. 8 - Prob. 1CRCh. 8 - Prob. 2CRCh. 8 - Prob. 3CRCh. 8 - Prob. 4CRCh. 8 - Prob. 5CRCh. 8 - Prob. 6CRCh. 8 - Prob. 7CRCh. 8 - Read the measurement shown on the metric...Ch. 8 - Prob. 9CRCh. 8 - Prob. 10CRCh. 8 - Prob. 11CRCh. 8 - Prob. 12CRCh. 8 - Prob. 13CRCh. 8 - Solve: 2x3+15=x423Ch. 8 - Prob. 15CRCh. 8 - Prob. 16CRCh. 8 - Prob. 17CRCh. 8 - Prob. 18CRCh. 8 - Prob. 19CRCh. 8 - Prob. 20CRCh. 8 - Prob. 21CRCh. 8 - Prob. 22CRCh. 8 - Prob. 23CRCh. 8 - Prob. 24CRCh. 8 - Prob. 25CRCh. 8 - Prob. 26CRCh. 8 - Prob. 27CRCh. 8 - Prob. 28CRCh. 8 - Prob. 29CRCh. 8 - Determine whether the graphs of 2x3y=6 and 3x+5y=7...
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