Elementary Statistics: A Step By Step Approach
9th Edition
ISBN: 9780073534985
Author: Allan Bluman
Publisher: McGraw-Hill Science/Engineering/Math
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Chapter 8.4, Problem 1E
Give three examples of proportions.
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A test consists of 10 questions made of 5 answers with only one correct answer. To pass the test, a student must answer at least 8 questions correctly. (a) If a student guesses on each question, what is the probability that the student passes the test? (b) Find the mean and standard deviation of the number of correct answers. (c) Is it unusual for a student to pass the test by guessing? Explain.
In a group of 40 people, 35% have never been abroad. Two people are selected at random without replacement and are asked about their past travel experience. a. Is this a binomial experiment? Why or why not? What is the probability that in a random sample of 2, no one has been abroad? b. What is the probability that in a random sample of 2, at least one has been abroad?
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
Elementary Statistics: A Step By Step Approach
Ch. 8.1 - Applying the Concepts 81 Eggs and Your Health The...Ch. 8.1 - Define null and alternative hypotheses, and give...Ch. 8.1 - What is meant by a type I error? A type II error?...Ch. 8.1 - What is meant by a statistical test?Ch. 8.1 - Explain the difference between a one-tailed and a...Ch. 8.1 - What is meant by the critical region? The...Ch. 8.1 - What symbols are used to represent the null...Ch. 8.1 - What symbols are used to represent the...Ch. 8.1 - Explain what is meant by a significant difference.Ch. 8.1 - When should a one-tailed test be used? A...
Ch. 8.1 - In hypothesis testing, why cant the hypothesis be...Ch. 8.1 - Prob. 11ECh. 8.1 - Using the z table (Table E), find the critical...Ch. 8.1 - Prob. 13ECh. 8.1 - For each conjecture, state the null and...Ch. 8.2 - Car Thefts You recently received a job with a...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Prob. 2ECh. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Prob. 5ECh. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Prob. 9ECh. 8.2 - Prob. 10ECh. 8.2 - Prob. 11ECh. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Prob. 13ECh. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Reject or Not State whether the null hypothesis...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Prob. 19ECh. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - For Exercises 1 through 25, perform each of the...Ch. 8.2 - Transmission Service A car dealer recommends that...Ch. 8.2 - Speeding Tickets A motorist claims that the South...Ch. 8.2 - Sick Days A manager states that in his factory,...Ch. 8.2 - Significance Levels Suppose a statistician chose...Ch. 8.2 - Hourly Wage The president of a company states that...Ch. 8.3 - How Much Nicotine Is in Those Cigarettes? A...Ch. 8.3 - In what ways is the t distribution similar to the...Ch. 8.3 - What are the degrees of freedom for the t test?Ch. 8.3 - Prob. 3ECh. 8.3 - Find the critical value (or values) for the t test...Ch. 8.3 - Using Table F, find the P-value interval for each...Ch. 8.3 - Using Table F, find the P-value interval for each...Ch. 8.3 - Prob. 7ECh. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - Prob. 13ECh. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - Prob. 17ECh. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.3 - For Exercises 7 through 23, perform each of the...Ch. 8.4 - What were the statistical hypotheses? 2. What were...Ch. 8.4 - Give three examples of proportions.Ch. 8.4 - Why is a proportion considered a binomial...Ch. 8.4 - When you are testing hypotheses by using...Ch. 8.4 - What are the mean and the standard deviation of a...Ch. 8.4 - Prob. 5ECh. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - Prob. 7ECh. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - Prob. 9ECh. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - Prob. 11ECh. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - Youth Smoking Researchers suspect that 18% of all...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - For Exercises 5 through 20, perform each of the...Ch. 8.4 - When np or nq is not 5 or more, the binomial table...Ch. 8.4 - First-Class Airline Passengers In the past, 20% of...Ch. 8.4 - Show that Z=pppqn can be derived from z=Xu by...Ch. 8.5 - Testing Gas Mileage Claims Assume that you are...Ch. 8.5 - Prob. 1ECh. 8.5 - Using Table G, find the critical value(s) for...Ch. 8.5 - Using Table G, find the P-value interval for each...Ch. 8.5 - Using Table G, find the P-value interval for each...Ch. 8.5 - Prob. 5ECh. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - Prob. 9ECh. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - Tornado Deaths A researcher claims that the...Ch. 8.5 - Interstate Speeds It has been reported that the...Ch. 8.5 - Prob. 13ECh. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.5 - For Exercises 5 through 20, assume that the...Ch. 8.6 - First-Time Births According to the almanac, the...Ch. 8.6 - One-Way Airfares The average one-way airfare from...Ch. 8.6 - Prob. 3ECh. 8.6 - Prison Time According to a public service website,...Ch. 8.6 - Working at Home Workers with a formal arrangement...Ch. 8.6 - Newspaper Reading Times A survey taken several...Ch. 8.6 - Prob. 7ECh. 8.6 - How is the power of a test related to the type II...Ch. 8.6 - Prob. 9ECh. 8 - Prob. 8.2.1RECh. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - Prob. 8.2.5RECh. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - Prob. 8.4.9RECh. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - Prob. 8.4.12RECh. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 1 through 20, perform each of the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - For Exercises 5 through 20, assume that the...Ch. 8 - Prob. 8.5.18RECh. 8 - Plant Leaf Lengths A biologist knows that the...Ch. 8 - Tire Inflation To see whether people are keeping...Ch. 8 - The Data Bank is found in Appendix B, or on the...Ch. 8 - Select a random sample of 15 individuals and test...Ch. 8 - Select a random sample of at least 30 individuals,...Ch. 8 - Select a sample of 20 individuals and test the...Ch. 8 - Using the data from Data Set XIII, select a sample...Ch. 8 - Using the data obtained in Exercise 5, test the...Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - Determine whether each statement is true or false....Ch. 8 - When the value of is increased, the probability...Ch. 8 - If you wish to test the claim that the mean of the...Ch. 8 - The degrees of freedom for the chi-square test for...Ch. 8 - For the t test, one uses _______ instead of . a. n...Ch. 8 - Complete the following statements with the best...Ch. 8 - Complete the following statements with the best...Ch. 8 - A conjecture about a population parameter is...Ch. 8 - Complete the following statements with the best...Ch. 8 - Complete the following statements with the best...Ch. 8 - For the following exercises where applicable: a....Ch. 8 - For Exercises 1 through 25, perform each of the...Ch. 8 - For Exercises 1 through 25, perform each of the...Ch. 8 - Prob. 18CQCh. 8 - Prob. 19CQCh. 8 - For Exercises 1 through 25, perform each of the...Ch. 8 - Prob. 21CQCh. 8 - Prob. 22CQCh. 8 - For the following exercises where applicable: a....Ch. 8 - For the following exercises where applicable: a....Ch. 8 - For the following exercises where applicable: a....Ch. 8 - Prob. 26CQCh. 8 - Prob. 27CQCh. 8 - Find the P-value for the z test in Exercise 16....Ch. 8 - Prob. 29CQCh. 8 - Prob. 30CQCh. 8 - For the following exercises where applicable: a....Ch. 8 - Strength of Wrapping Cord A manufacturer claims...Ch. 8 - Prob. 33CQCh. 8 - Find the 95% confidence interval for the mean in...Ch. 8 - Critical Thinking Challenges The power of a test...
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