Intro Stats
4th Edition
ISBN: 9780321826275
Author: Richard D. De Veaux
Publisher: PEARSON
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Chapter R, Problem 3.24RE
a.
To determine
Diagram the given experimental design.
b.
To determine
Identify the factors of the given study.
Identify the levels of each factor.
c.
To determine
Identify the number of treatments of the given study.
d.
To determine
Find the response variable in the given experimental design.
e.
To determine
Explain whether the experiment conducted by researcher is single blind or double blind.
f.
To determine
Explain any situation for the experimental design to have bias.
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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.
To help consumers in purchasing a laptop computer, Consumer Reports calculates an overall test score for each computer tested based upon rating factors such as ergonomics, portability, performance, display, and battery life. Higher overall scores indicate better test results. The following data show the average retail price and the overall score for ten 13-inch models (Consumer Reports website, October 25, 2012).
Brand & Model
Price ($)
Overall Score
Samsung Ultrabook NP900X3C-A01US
1250
83
Apple MacBook Air MC965LL/A
1300
83
Apple MacBook Air MD231LL/A
1200
82
HP ENVY 13-2050nr Spectre XT
950
79
Sony VAIO SVS13112FXB
800
77
Acer Aspire S5-391-9880 Ultrabook
1200
74
Apple MacBook Pro MD101LL/A
1200
74
Apple MacBook Pro MD313LL/A
1000
73
Dell Inspiron I13Z-6591SLV
700
67
Samsung NP535U3C-A01US
600
63
a. Select a scatter diagram with price as the independent variable.
b. What does the scatter diagram developed in part (a) indicate about the relationship…
To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer’s adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow.
Adjusted Gross Income ($1000s)
Reasonable Amount ofItemized Deductions ($1000s)
22
9.6
27
9.6
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10.1
48
11.1
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13.5
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120
25.5
Compute b1 and b0 (to 4 decimals).b1 b0 Complete the estimated regression equation (to 2 decimals). = + x
Predict a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of $52.5 thousand (to 2 decimals). thousand dollarsWhat is the value, in dollars, of…
Chapter R Solutions
Intro Stats
Ch. R - Bananas Here are the prices (in cents per pound)...Ch. R - Prob. 1.2RECh. R - Prob. 1.3RECh. R - Dialysis In a study of dialysis, researchers found...Ch. R - Beanstalks Beanstalk Clubs are social clubs for...Ch. R - Bread Clarksburg Bakery is trying to predict how...Ch. R - State University Public relations staff members at...Ch. R - Prob. 1.8RECh. R - Prob. 1.9RECh. R - Streams As part of the course work, a class at an...
Ch. R - Prob. 1.11RECh. R - Prob. 1.12RECh. R - Lets play cards You pick a card from a standard...Ch. R - Accidents Progressive Insurance asked customers...Ch. R - Hard water In an investigation of environmental...Ch. R - Prob. 1.16RECh. R - Seasons Average daily temperatures in January and...Ch. R - Prob. 1.18RECh. R - Prob. 1.19RECh. R - Prob. 1.20RECh. R - Libertys nose Is the Statue of Libertys nose too...Ch. R - Winter Olympics 2010 speed skating The times from...Ch. R - Sample A study in South Africa focusing on the...Ch. R - Sluggers Babe Ruth was the first great slugger in...Ch. R - Prob. 1.25RECh. R - Music and memory Is it a good idea to listen to...Ch. R - Mail Here are the number of pieces of mail...Ch. R - Birth order Is your birth order related to your...Ch. R - Herbal medicine Researchers for the Herbal...Ch. R - Birth order revisited Consider again the data on...Ch. R - Engines One measure of the size of an automobile...Ch. 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R - Prob. 2.25RECh. R - Prob. 2.26RECh. R - Prob. 2.27RECh. R - Depression The September 1998 issue of the...Ch. R - 29. Jumps 2008 How are Olympic performances in...Ch. R - Prob. 2.30RECh. R - French Consider the association between a students...Ch. R - Prob. 2.32RECh. R - Prob. 2.33RECh. R - Gasoline Since clean-air regulations have dictated...Ch. R - Prob. 2.35RECh. R - Prob. 2.36RECh. R - Prob. 2.37RECh. R - Prob. 2.38RECh. R - Prob. 2.39RECh. R - Prob. 2.40RECh. R - Prob. 2.41RECh. R - Prob. 2.42RECh. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - Prob. 3.3RECh. R - Prob. 3.4RECh. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - Prob. 3.6RECh. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - Prob. 3.11RECh. R - An artisan wants to create pottery that has the...Ch. R - Prob. 3.13RECh. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - R3.1R3.18. What design? Analyze the design of each...Ch. R - Prob. 3.19RECh. R - Prob. 3.20RECh. R - Prob. 3.21RECh. R - Cell phone risks Researchers at the Washington...Ch. R - Prob. 3.23RECh. R - Prob. 3.24RECh. R - Prob. 3.25RECh. R - Prob. 3.27RECh. R - Prob. 3.28RECh. R - Homecoming A college statistics class conducted a...Ch. R - Youthful appearance Readers Digest (April 2002, p....Ch. R - Smoking and Alzheimers Medical studies indicate...Ch. R - Prob. 3.32RECh. R - Sex and violence Does the content of a television...Ch. R - Pubs In England, a Leeds University researcher...Ch. R - Age and party 2008 The Pew Research Center...Ch. R - Bias? 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R - Prob. 4.35RECh. R - Prob. 4.36RECh. R - Prob. 4.37RECh. R - Prob. 4.38RECh. R - Prob. 4.39RECh. R - 40. Coins A coin is to be tossed 36 times.
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