Applied Statistics and Probability for Engineers
6th Edition
ISBN: 9781118539712
Author: Douglas C. Montgomery
Publisher: WILEY
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Chapter 9.3, Problem 52E
a.
To determine
Find the critical values for the test statistic
b.
To determine
Find the critical values for the test statistic
c.
To determine
Find the critical values for the test statistic
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PEER REPLY 1:
Choose a classmate's Main Post and review their decision making process.
1. Choose a risk level for each of the states of nature (assign a probability
value to each).
2. Explain why each risk level is chosen.
3. Which alternative do you believe would be the best based on the maximum
EMV?
4. Do you feel determining the expected value with perfect information
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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.
You are provided with data that includes all 50 states of the United States. Your task is to draw a sample of: o 20 States using Random Sampling (2 points: 1 for random number generation; 1 for random sample) o 10 States using Systematic Sampling (4 points: 1 for random numbers generation; 1 for random sample different from the previous answer; 1 for correct K value calculation table; 1 for correct sample drawn by using systematic sampling) (For systematic sampling, do not use the original data directly. Instead, first randomize the data, and then use the randomized dataset to draw your sample. Furthermore, do not use the random list previously generated, instead, generate a new random sample for this part. For more details, please see the snapshot provided at the end.) Upload a Microsoft Excel file with two separate sheets. One sheet provides random sampling while the other provides systematic sampling. Excel snapshots that can help you in organizing columns are provided on the next…
Chapter 9 Solutions
Applied Statistics and Probability for Engineers
Ch. 9.1 - Prob. 1ECh. 9.1 - Prob. 2ECh. 9.1 - 9-3. The standard deviation of critical dimension...Ch. 9.1 - 9-4. The mean pull-off force of a connector...Ch. 9.1 - 9-5. A textile fiber manufacturer is investigating...Ch. 9.1 - 9-6. Repeat Exercise 9-5 using a sample size of n...Ch. 9.1 - 9-7. In Exercise 9-5, find the boundary of the...Ch. 9.1 - 9-8. In Exercise 9-5, calculate the probability of...Ch. 9.1 - 9-9. In Exercise 9-5, calculate the P-value if the...Ch. 9.1 - 9-10. The heat evolved in calories per grain of a...
Ch. 9.1 - Prob. 11ECh. 9.1 - 9-12. In Exercise 9-10, find the boundary of the...Ch. 9.1 - Prob. 13ECh. 9.1 - 9-14. In Exercise 9-10, calculate the P-value if...Ch. 9.1 - 9-15. A consumer products company is formulating a...Ch. 9.1 - 9-16. Repeat Exercise 9-15 assuming that the...Ch. 9.1 - 9-17. In Exercise 9-15, find the boundary of the...Ch. 9.1 - 9-18. In Exercise 9-15, calculate the probability...Ch. 9.1 - 9-19. In Exercise 9-15, calculate the P-value if...Ch. 9.1 - 9-20. A manufacturer is interested in the output...Ch. 9.1 - 9-21. Rework Exercise 9-20 when the sample size is...Ch. 9.1 - 9-22. In Exercise 9-20, find the boundary of the...Ch. 9.1 - 9-23. In Exercise 9-20, calculate the P-value if...Ch. 9.1 - 9-24. In Exercise 9-20, calculate the probability...Ch. 9.1 - 9-25. The proportion of adults living in Tempe,...Ch. 9.1 - 9-26. The proportion of residents in Phoenix...Ch. 9.1 - 9-27. A random sample of 500 registered voters in...Ch. 9.1 - 9-28. If we plot the probability of accepting H0:...Ch. 9.1 - 9-29. A quality-control inspector is testing a...Ch. 9.1 - 9-30. In the quality-control example of Exercise...Ch. 9.2 - 9-31. State the null and alternative hypothesis in...Ch. 9.2 - 9-32. A hypothesis will be used to test that a...Ch. 9.2 - Prob. 33ECh. 9.2 - 9-34. A hypothesis will be used to test that a...Ch. 9.2 - Prob. 35ECh. 9.2 - Prob. 36ECh. 9.2 - 9-37. For the hypothesis test H0: µ = 5 against...Ch. 9.2 - Prob. 38ECh. 9.2 - Prob. 39ECh. 9.2 - Prob. 40ECh. 9.2 - Prob. 41ECh. 9.2 - 9-42. The mean water temperature downstream from...Ch. 9.2 - 9-43. A manufacturer produces crankshafts for an...Ch. 9.2 - Prob. 44ECh. 9.2 - 9-45. The life in hours of a battery is known to...Ch. 9.2 - 9-46. An engineer who is studying the tensile...Ch. 9.2 - 9-47. Supercavitation is a propulsion technology...Ch. 9.2 - 9-48. A bearing used in an automotive application...Ch. 9.2 - Prob. 49ECh. 9.2 - 9-50. Humans are known to have a mean gestation...Ch. 9.2 - 9-51. The bacterial strain Acinetobacter has been...Ch. 9.3 - 9-52. A hypothesis will be used to test that a...Ch. 9.3 - Prob. 53ECh. 9.3 - Prob. 54ECh. 9.3 - Prob. 55ECh. 9.3 - Prob. 56ECh. 9.3 - Prob. 57ECh. 9.3 - Prob. 58ECh. 9.3 - Prob. 59ECh. 9.3 - Prob. 60ECh. 9.3 - Prob. 61ECh. 9.3 - 9-62. An article in the ASCE Journal of Energy...Ch. 9.3 - 9-63. A 1992 article in the Journal of the...Ch. 9.3 - 9-64. Cloud seeding has been studied for many...Ch. 9.3 - 9-65. The sodium content of twenty 300-gram boxes...Ch. 9.3 - 9-66. Consider the baseball coefficient of...Ch. 9.3 - Prob. 67ECh. 9.3 - 9-68. Reconsider the data from Medicine and...Ch. 9.3 - 9-69. Reconsider the tire testing experiment...Ch. 9.3 - 9-70. Reconsider the Izod impact test on PVC pipe...Ch. 9.3 - 9-71. Reconsider the television tube brightness...Ch. 9.3 - 9-72. Exercise 6-38 gave data on the heights of...Ch. 9.3 - 9-73. Exercise 6-41 describes testing golf balls...Ch. 9.3 - 9-74. Exercise 6-40 presented data on the...Ch. 9.3 - Prob. 75ECh. 9.3 - Prob. 76ECh. 9.4 - 9-77. Consider the test of against . What are the...Ch. 9.4 - Prob. 78ECh. 9.4 - Prob. 79ECh. 9.4 - Prob. 80ECh. 9.4 - Prob. 81ECh. 9.4 - Prob. 82ECh. 9.4 - 9-83. The data from Medicine and Science in Sports...Ch. 9.4 - 9-84. The data from Technometrics described in...Ch. 9.4 - Prob. 85ECh. 9.4 - 9-86. Data from an Izod impact test was described...Ch. 9.4 - 9-87. Data for tire life was described in Exercise...Ch. 9.4 - 9-88. If the standard deviation of hole diameter...Ch. 9.4 - 9-89. Recall the sugar content of the syrup in...Ch. 9.5 - 9-90. Consider the following computer output
Test...Ch. 9.5 - Prob. 91ECh. 9.5 - 9-92. Suppose that of 1000 customers surveyed, 850...Ch. 9.5 - Prob. 93ECh. 9.5 - 9-94. A random sample of 300 circuits generated 13...Ch. 9.5 - Prob. 95ECh. 9.5 - 9-96. A manufacturer of interocular lenses will...Ch. 9.5 - 9-97. A researcher claims that at least 10% of all...Ch. 9.5 - 9-98. An article in Fortune (September 21, 1992)...Ch. 9.5 - 9-99. The advertised claim for batteries for cell...Ch. 9.5 - 9-100. A random sample of 500 registered voters in...Ch. 9.5 - 9-101. In a random sample of 85 automobile engine...Ch. 9.5 - 9-102. A computer manufacturer ships laptop...Ch. 9.5 - 9-103. In a random sample of 500 handwritten zip...Ch. 9.5 - 9-104. Construct a 90% confidence interval for the...Ch. 9.5 - 9-105. Construct a 95% lower confidence interval...Ch. 9.7 - 9-106. Consider the following frequency table of...Ch. 9.7 - 9-107. Let X denote the number of flaws observed...Ch. 9.7 - 9-108. The number of calls arriving at a...Ch. 9.7 - 9-109. Consider the following frequency table of...Ch. 9.7 - Prob. 110ECh. 9.7 - 9-111. A group of civil engineering students has...Ch. 9.7 - 9-112. Reconsider Exercise 6-87. The data were the...Ch. 9.8 - 9-113. The Hopkins Forest is a 2600-acre forest...Ch. 9.8 - 9-114. Did survival rate for passengers on the...Ch. 9.8 - 9-115. A company operates four machines in three...Ch. 9.8 - 9-116. Patients in a hospital are classified as...Ch. 9.8 - 9-117. Grades in a statistics course and an...Ch. 9.8 - 9-118. An experiment with artillery shells yields...Ch. 9.8 - 9-119. A study is being made of the failures of an...Ch. 9.8 - Prob. 120ECh. 9.8 - Prob. 121ECh. 9.9 - 9-122. Ten samples were taken from a plating bath...Ch. 9.9 - 9-123. The titanium content in an aircraft-grade...Ch. 9.9 - 9-124. The impurity level (in ppm) is routinely...Ch. 9.9 - 9-125. Consider the margarine fat content data in...Ch. 9.9 - 9-126. Consider the compressive strength data in...Ch. 9.9 - 9-127. An inspector are measured the diameter of a...Ch. 9.9 - 9-128. A new type of tip can be used in a Rockwell...Ch. 9.9 - 9-129. A primer paint can be used on aluminum...Ch. 9.10 - Prob. 130ECh. 9.10 - Prob. 131ECh. 9.10 - 9-132. The mean breaking strength of a ceramic...Ch. 9.10 - Prob. 133ECh. 9.10 - Prob. 134ECh. 9.10 - Prob. 135ECh. 9.10 - Prob. 136ECh. 9.10 - Prob. 137ECh. 9 - Prob. 138SECh. 9 - Prob. 139SECh. 9 - Prob. 140SECh. 9 - Prob. 141SECh. 9 - 9-142. An article in Fire Technology [“An...Ch. 9 - Prob. 143SECh. 9 - 9-144. A manufacturer of semiconductor devices...Ch. 9 - Prob. 145SECh. 9 - Prob. 146SECh. 9 - 9-147. Suppose that in Exercise 9-146. the...Ch. 9 - Prob. 148SECh. 9 - Prob. 149SECh. 9 - Prob. 150SECh. 9 - Prob. 151SECh. 9 - Prob. 152SECh. 9 - Prob. 153SECh. 9 - Prob. 154SECh. 9 - Prob. 155SECh. 9 - 9-156. Consider the spot weld shear strength data...Ch. 9 - Prob. 157SECh. 9 - Prob. 158SECh. 9 - Prob. 159SECh. 9 - Prob. 160SECh. 9 - Prob. 161SECh. 9 - Prob. 162SECh. 9 - Prob. 163SECh. 9 - Prob. 164SECh. 9 - Prob. 165SECh. 9 - Prob. 166SECh. 9 - Prob. 167SECh. 9 - Prob. 168SECh. 9 - Prob. 169SECh. 9 - Prob. 170SECh. 9 - Prob. 171SECh. 9 - Prob. 172SECh. 9 - 9-167. Consider the fatty acid measurements for...Ch. 9 - Prob. 174SECh. 9 - 9-175. Let X1, X2, ..., Xn be a sample from an...
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