Discrete Mathematics With Applications
5th Edition
ISBN: 9780357035283
Author: EPP
Publisher: Cengage
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Chapter 8.3, Problem 3TY
To determine
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The blanks in the given statement.
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The number of initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in
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455 679 499 496 378 68
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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.
Steel Production Planning:
Let S represent the amount of steel produced (in tons). Steel Production is related to the amount of labor used(L) and the amount of capital used ( C ) by the following function:S = 20L⁰˙³⁰C⁰˙⁷⁰In this formula L represents the units of Labor input and C the units of Capital input. Each unit of Labor costs $50, and each unit of Capital costs $100.
a:Formulate an optimization problem that will determine how much labor and capital are needed to produce 50,000 tons of steel at minimum cost.
Q#3B: Solve the optimization problem you formulated in part (a). (Hint: When using Excel Solver, start with an initial L>0 and C>0.)…
Chapter 8 Solutions
Discrete Mathematics With Applications
Ch. 8.1 - If R is a relation from A to B, xA , and yB , the...Ch. 8.1 - Prob. 2TYCh. 8.1 - Prob. 3TYCh. 8.1 - Prob. 4TYCh. 8.1 - If R is a relation on a set A, the directed graph...Ch. 8.1 - As in Example 8.1.2, the congruence modulo 2...Ch. 8.1 - Prove that for all integers m and n,m-n is even...Ch. 8.1 - The congruence modulo 3 relation, T, is defined...Ch. 8.1 - Define a relation P on Z as follows: For every...Ch. 8.1 - Prob. 5ES
Ch. 8.1 - Let X={a,b,c}. Define a relation J on P(X) as...Ch. 8.1 - Define a relation R on Z as follows: For all...Ch. 8.1 - Prob. 8ESCh. 8.1 - Let A be the set of all strings of 0’s, 1’s, and...Ch. 8.1 - Let A={3,4,5} and B={4,5,6} and let R be the “less...Ch. 8.1 - Let A={3,4,5} and B={4,5,6} and let S be the...Ch. 8.1 - Prob. 12ESCh. 8.1 - Prob. 13ESCh. 8.1 - Draw the directed graphs of the relations defined...Ch. 8.1 - Draw the directed graphs of the relations defined...Ch. 8.1 - Prob. 16ESCh. 8.1 - Prob. 17ESCh. 8.1 - Draw the directed graphs of the relations defined...Ch. 8.1 - Exercises 19-20 refer to unions and intersections...Ch. 8.1 - Prob. 20ESCh. 8.1 - Define relation R and S on R as follows:...Ch. 8.1 - Prob. 22ESCh. 8.1 - Prob. 23ESCh. 8.1 - Prob. 24ESCh. 8.2 - For a relation R on a set A to be reflexive means...Ch. 8.2 - For a relation R on a set A to be symmetric means...Ch. 8.2 - For a relation R on a set A to be transitive means...Ch. 8.2 - Prob. 4TYCh. 8.2 - Prob. 5TYCh. 8.2 - Prob. 6TYCh. 8.2 - Prob. 7TYCh. 8.2 - Prob. 8TYCh. 8.2 - Prob. 9TYCh. 8.2 - Prob. 10TYCh. 8.2 - Prob. 1ESCh. 8.2 - In 1-8, a number of relations are defined on the...Ch. 8.2 - Prob. 3ESCh. 8.2 - Prob. 4ESCh. 8.2 - In 1-8, a number of relations are defined on the...Ch. 8.2 - In 1-8, a number of relations are defined on the...Ch. 8.2 - In 1-8, a number of relations are defined on the...Ch. 8.2 - In 1-8, a number of relations are defined on the...Ch. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - In 9—33, determine whether the given relation is...Ch. 8.2 - In 9—33, determine whether the given relation is...Ch. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - Prob. 15ESCh. 8.2 - Prob. 16ESCh. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - Prob. 18ESCh. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - Prob. 20ESCh. 8.2 - Prob. 21ESCh. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - Prob. 24ESCh. 8.2 - In 9-33, determine whether the given is reflexive...Ch. 8.2 - Prob. 26ESCh. 8.2 - Prob. 27ESCh. 8.2 - Prob. 28ESCh. 8.2 - Prob. 29ESCh. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - Prob. 31ESCh. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - In 9-33, determine whether the given relation is...Ch. 8.2 - In 34-36, assume that R is a relation on a et A....Ch. 8.2 - Prob. 35ESCh. 8.2 - Prob. 36ESCh. 8.2 - Prob. 37ESCh. 8.2 - Prob. 38ESCh. 8.2 - Prob. 39ESCh. 8.2 - Prob. 40ESCh. 8.2 - Prob. 41ESCh. 8.2 - In 37-42, assume that R and S are relations on a...Ch. 8.2 - In 43-50, the following definitions are used: A...Ch. 8.2 - Prob. 44ESCh. 8.2 - Prob. 45ESCh. 8.2 - Prob. 46ESCh. 8.2 - Prob. 47ESCh. 8.2 - In 43-50, the following definitions are used: A...Ch. 8.2 - Prob. 49ESCh. 8.2 - Prob. 50ESCh. 8.2 - Prob. 51ESCh. 8.2 - In 51—53, R, S, and T are relations defined on...Ch. 8.2 - Prob. 53ESCh. 8.2 - Prob. 54ESCh. 8.2 - Prob. 55ESCh. 8.2 - Prob. 56ESCh. 8.3 - For a relation on a set to be an equivalence...Ch. 8.3 - The notation m=n(modd) is...Ch. 8.3 - Prob. 3TYCh. 8.3 - Prob. 4TYCh. 8.3 - Prob. 5TYCh. 8.3 - Prob. 6TYCh. 8.3 - Prob. 1ESCh. 8.3 - Prob. 2ESCh. 8.3 - Prob. 3ESCh. 8.3 - In each of 3—6, the relation R is an equivalence...Ch. 8.3 - Prob. 5ESCh. 8.3 - In each of 3-6, the relation R is an equivalence...Ch. 8.3 - Prob. 7ESCh. 8.3 - Prob. 8ESCh. 8.3 - Prob. 9ESCh. 8.3 - In each of 7-14, relation R is an equivalence...Ch. 8.3 - Prob. 11ESCh. 8.3 - In each of 7-14, relation R is an equivalence...Ch. 8.3 - In each of 7-14, the relation R is an equivalence...Ch. 8.3 - In each of 7—14, the relation R is an equivalence...Ch. 8.3 - Determine which of the following congruence...Ch. 8.3 - Let R be the relation of congruence modulo 3....Ch. 8.3 - Prob. 17ESCh. 8.3 - Prob. 18ESCh. 8.3 - In 19-31, (1) prove that the relation is an...Ch. 8.3 - Prob. 20ESCh. 8.3 - Prob. 21ESCh. 8.3 - Prob. 22ESCh. 8.3 - Prob. 23ESCh. 8.3 - In 19-31. (1) prove that the relation is an...Ch. 8.3 - In 19-31,(1) prove that the relation is an...Ch. 8.3 - Prob. 26ESCh. 8.3 - Prob. 27ESCh. 8.3 - Prob. 28ESCh. 8.3 - Prob. 29ESCh. 8.3 - Prob. 30ESCh. 8.3 - In 19—31, (1) prove that the relation is an...Ch. 8.3 - Prob. 32ESCh. 8.3 - Prob. 33ESCh. 8.3 - Prob. 34ESCh. 8.3 - Prob. 35ESCh. 8.3 - Prob. 36ESCh. 8.3 - Prob. 37ESCh. 8.3 - Prob. 38ESCh. 8.3 - Prob. 39ESCh. 8.3 - Prob. 40ESCh. 8.3 - Prob. 41ESCh. 8.3 - Prob. 42ESCh. 8.3 - Prob. 43ESCh. 8.3 - Let A=Z+Z+ . Define a relation R on A as follows:...Ch. 8.3 - Prob. 45ESCh. 8.3 - Let R be a relation on a set A and suppose R is...Ch. 8.3 - Refer to the quote at the beginning of this...Ch. 8.4 - When letters of the alphabet are encrypted using...Ch. 8.4 - Prob. 2TYCh. 8.4 - Prob. 3TYCh. 8.4 - Prob. 4TYCh. 8.4 - Prob. 5TYCh. 8.4 - Prob. 6TYCh. 8.4 - Prob. 7TYCh. 8.4 - Prob. 8TYCh. 8.4 - Fermat’s little theorem says that if p is any...Ch. 8.4 - Prob. 10TYCh. 8.4 - Prob. 1ESCh. 8.4 - Use the Caesar cipher to encrypt the message AN...Ch. 8.4 - Prob. 3ESCh. 8.4 - Let a=68, b=33, and n=7. Verify that 7|(68-33)....Ch. 8.4 - Prove the transitivity of modular congruence. That...Ch. 8.4 - Prob. 6ESCh. 8.4 - Verify the following statements. 128=2(mod7) and...Ch. 8.4 - Verify the following statements. 45=3 (mod 6) and...Ch. 8.4 - Prob. 9ESCh. 8.4 - In 9-11, prove each of the given statements,...Ch. 8.4 - In 9-11, prove each of the given statements,...Ch. 8.4 - Prove that for every integer n0,10n=1(mod9) . Use...Ch. 8.4 - Prob. 13ESCh. 8.4 - Prob. 14ESCh. 8.4 - Prob. 15ESCh. 8.4 - In 16-18, use the techniques of Example 8.4.4 and...Ch. 8.4 - Prob. 17ESCh. 8.4 - Prob. 18ESCh. 8.4 - Prob. 19ESCh. 8.4 - Prob. 20ESCh. 8.4 - Prob. 21ESCh. 8.4 - In 19-24, use the RSA cipher from Examples 8.4.9...Ch. 8.4 - Prob. 23ESCh. 8.4 - Prob. 24ESCh. 8.4 - Prob. 25ESCh. 8.4 - Prob. 26ESCh. 8.4 - In 26 and 27, use the extended Euclidean algorithm...Ch. 8.4 - Prob. 28ESCh. 8.4 - Prob. 29ESCh. 8.4 - Prob. 30ESCh. 8.4 - Find an inverse for 210 modulo 13. Find appositive...Ch. 8.4 - Find an inverse for 41 modulo 660. Find the least...Ch. 8.4 - Prob. 33ESCh. 8.4 - Prob. 34ESCh. 8.4 - Prob. 35ESCh. 8.4 - In 36,37,39 and 40, use the RSA cipher with public...Ch. 8.4 - Prob. 37ESCh. 8.4 - Find the least positive inverse for 43 modulo 660.Ch. 8.4 - Prob. 39ESCh. 8.4 - Prob. 40ESCh. 8.4 - Prob. 41ESCh. 8.4 - Prob. 42ESCh. 8.4 - Prob. 43ESCh. 8.5 - Prob. 1TYCh. 8.5 - Prob. 2TYCh. 8.5 - Prob. 3TYCh. 8.5 - Prob. 4TYCh. 8.5 - Prob. 5TYCh. 8.5 - Prob. 6TYCh. 8.5 - Prob. 7TYCh. 8.5 - Prob. 8TYCh. 8.5 - Prob. 9TYCh. 8.5 - Prob. 10TYCh. 8.5 - Each of the following is a relation on {0,1,2,3}...Ch. 8.5 - Prob. 2ESCh. 8.5 - Let S be the set of all strings of a’s and b’s....Ch. 8.5 - Prob. 4ESCh. 8.5 - Prob. 5ESCh. 8.5 - Let P be the set of all people who have ever lived...Ch. 8.5 - Prob. 7ESCh. 8.5 - Prob. 8ESCh. 8.5 - Prob. 9ESCh. 8.5 - Suppose R and S are antisymmetric relations on a...Ch. 8.5 - Let A={a,b}, and supposeAhas the partial order...Ch. 8.5 - Prob. 12ESCh. 8.5 - Let A={a,b} . Describe all partial order relations...Ch. 8.5 - Let A={a,b,c}. Describe all partial order...Ch. 8.5 - Prob. 15ESCh. 8.5 - Consider the “divides” relation on each of the...Ch. 8.5 - Prob. 17ESCh. 8.5 - Let S={0,1} and consider the partial order...Ch. 8.5 - Let S={0,1} and consider the partial order...Ch. 8.5 - Let S={0,1} and consider the partial order...Ch. 8.5 - Consider the “divides” relation defined on the set...Ch. 8.5 - Prob. 22ESCh. 8.5 - Prob. 23ESCh. 8.5 - Prob. 24ESCh. 8.5 - Prob. 25ESCh. 8.5 - Prob. 26ESCh. 8.5 - Prob. 27ESCh. 8.5 - Prob. 28ESCh. 8.5 - Prob. 29ESCh. 8.5 - Prob. 30ESCh. 8.5 - Prob. 31ESCh. 8.5 - Prob. 32ESCh. 8.5 - Consider the set A={12,24,48,3,9} ordered by the...Ch. 8.5 - Suppose that R is a partial order relation on a...Ch. 8.5 - Prob. 35ESCh. 8.5 - The set A={2,4,3,6,12,18,24} is partially ordered...Ch. 8.5 - Find a chain of length 2 for the relation defined...Ch. 8.5 - Prob. 38ESCh. 8.5 - Prob. 39ESCh. 8.5 - Prob. 40ESCh. 8.5 - Prob. 41ESCh. 8.5 - Prob. 42ESCh. 8.5 - Prob. 43ESCh. 8.5 - Prob. 44ESCh. 8.5 - Prob. 45ESCh. 8.5 - Prob. 46ESCh. 8.5 - Prob. 47ESCh. 8.5 - Prob. 48ESCh. 8.5 - Prob. 49ESCh. 8.5 - A set S of jobs can be ordered by writing x_y to...Ch. 8.5 - Suppose the tasks described in Example 8.5.12...
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