STATISTICS:UNLOCKING...-2 ACCESS SET
2nd Edition
ISBN: 9781119340119
Author: Lock
Publisher: WILEY
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Chapter B, Problem 13RE
a.
To determine
Identify the proportion of Hollywood movies with genres listed in the period were comedies.
b.
To determine
Elucidate the expected shape and center of the distribution of sample proportion.
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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.
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2. Comment on the differences in the reserves produced by the methods in Part 1.
Chapter B Solutions
STATISTICS:UNLOCKING...-2 ACCESS SET
Ch. B - Prob. 1ECh. B - Prob. 2ECh. B - Prob. 3ECh. B - Prob. 4ECh. B - Prob. 5ECh. B - Husbands Older Than Wives? A sample of marriage...Ch. B - Correlation between Ages of Husbands and Wives...Ch. B - Prob. 8RECh. B - Prob. 9RECh. B - Prob. 10RE
Ch. B - Prob. 11RECh. B - Prob. 12RECh. B - Prob. 13RECh. B - Prob. 14RECh. B - Prob. 15RECh. B - Prob. 16RECh. B - Prob. 17RECh. B - Prob. 18RECh. B - Prob. 19RECh. B - Prob. 20RECh. B - Prob. 21RECh. B - Prob. 22RECh. B - Prob. 23RECh. B - Prob. 24RECh. B - Prob. 25RECh. B - Prob. 26RECh. B - Prob. 27RECh. B - Prob. 28RECh. B - Standard Deviation of Penalty Minutes in the NHL...Ch. B - Prob. 30RECh. B - Prob. 31RECh. B - Prob. 32RECh. B - Prob. 33RECh. B - Prob. 34RECh. B - Prob. 35RECh. B - Taxes on Soda: Interpreting P-values Exercises...Ch. B - Prob. 37RECh. B - Prob. 38RECh. B - Prob. 39RECh. B - Prob. 40RECh. B -
Paul the Octopus In the 2010 World Cup, Paul the...Ch. B -
How Unlikely Is Paul the Octopus’s Success? For...Ch. B - Prob. 43RECh. B - Prob. 44RECh. B - Prob. 45RECh. B - A Possible Fast-Acting Antidepressant Traditional...Ch. B - Prob. 47RECh. B - Prob. 48RECh. B - Prob. 49RECh. B - Prob. 50RECh. B - Prob. 51RECh. B - Prob. 52RECh. B - Prob. 53RECh. B - Prob. 54RECh. B - Prob. 55RECh. B - Prob. 56RECh. B - Prob. 57RECh. B - Prob. 58RECh. B - Prob. 59RECh. B - Prob. 60RECh. B - Prob. 61RECh. B - Correlation between Distance and Time for Atlanta...Ch. B - Prob. 63RECh. B - Prob. 64RECh. B - Prob. 65RECh. B - Prob. 66RECh. B - Prob. 67RECh. B - Prob. 68RECh. B - Prob. 69RECh. B - Prob. 70RECh. B - Prob. 71RECh. B - Prob. 72RECh. B - Prob. 73RECh. B - Prob. 74RECh. B - Prob. 75RECh. B - Prob. 76RECh. B - Prob. 77RECh. B - Prob. 78RECh. B - Prob. 79RECh. B - RANDOMIZATION SAMPLES
In Exercises B.78 to B.82, a...Ch. B - Prob. 81RECh. B - Prob. 82RE
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