Insurance companies need to maintain a certain amount in reserved funds in order to pay anticipated claims. The average monthly claim amount for the last 60 months for company A was $7,500,000 and the (sample) standard deviation was $1,200,000.
(a) Find a 95% upper confidence bound on the average monthly claim amount.
(b) The regulations on the reserves will be strengthened in the near future. According to the new regulations, insurance companies that do not have sufficient amount in reserve will be subject to a significant penalty. Company A wants to adjust the target reserve amount accordingly, by computing a new upper bound on the average monthly claim amount. Should the company recalculate an upper confidence bound with a higher or a lower level of confidence? Briefly explain why. Then compute a 99.95% upper confidence bound on the average monthly claim amount.
Answer:
a ) Upper bound of CI is 7803483.87
b) The new upper bound is 8039767.74
Step-by-step explanation:
From sample data:
sample size n = 60
sample mean x = 7500000
Sample standard deviation s = 1200000
a) Confidence Interval 95 % then significance level α = 5 % o α = 0.05
α/2 = 0.025 z(c) from z-table is z(c) = 1.96
CI 95 % = ( x ± z(c) * s/√n
CI 95 % = ( 7500000 ± 1.96 * 1200000/√60
CI 95 % = ( 7500000 ± 303483.87 )
CI 95 % = ( 7196516.13 ; 7803483.87)
Then upper bound of CI is 7803483.87
b) The company has to decrease the significance level equivalent to widen the confidence interval.
If CI now is 99.95 % significance level is α = 0.0005 and
α/2 = 0.00025 z(c) for that α/2 is from z-table z(c) ≈ 3.486
CI 99.95 % = ( x ± z(c)*s/√n
CI 99.95 % = 7500000 ± 3.486*1200000/ √60
CI 99.95 % = (7500000 ±539767.74)
CI 99.95 % = ( 6960232.26 ; 8039767.74)
The new upper bound is 8039767.74
PLS HELP ASAP!
Shown below is a cylinder. Calculate the volume using 3.14 for π
Answer:
V = 678.24 cm^3
Step-by-step explanation:
Formula for volume of a cylinder:
the radius is half of the diameter (12/2 = 6)
[tex]V = \pi r^{2} h\\V = \pi 6^{2} 6\\\\V = 678.24[/tex] cm^3
Answer:
678.24 cm^3
Step-by-step explanation:
The volume of a cylinder is given by
V = pi r^2 h where r is the radius and h is the height
We know the diameter
r =d/2 = 12/2 = 6
V = 3.14 * 6^2 * 6
678.24 cm^3
If the original quantity is 14 and new quantity is 35 what is the percent change
Answer:
150%
Step-by-step explanation:
given:
original quantity = 14
new quantity = 35
increased quantity = 35 - 14
=21
percent change = increased quantity /original quentity * 100%
=21/14 *100%
=21100/14 %
=150 %
can someone help me solve this pls ? solve |x| + 7 < 4
Answer:
no solution
Step-by-step explanation:
|x| + 7 < 4
Subtract 7 from each side
|x| + 7-7 < 4-7
|x| < -3
But an absolute value must be greater than or equal to zero
There is no solution
Answer: No solutions
Let's solve the inequality step-by-step
[tex]|x|+7<4[/tex]
First subtract 7 from both sides
[tex]|x|+7-7<4-7\\|x|<-3[/tex]
Now usually you'd solve absolute value, but absolute value cannot be less than 0 so there can't be a solution.
what is the largest six-digit base five number? How do you know?
Answer:
999999.9>repeating
Step-by-step explanation:
.1 more and it will be 7 digits and not 6 Hope this helps :D
9514 1404 393
Answer:
444444₅ = 15624₁₀
Step-by-step explanation:
It will be 1 less than the smallest 7-digit base-5 number. That number is 5^6 = 15625, so the largest 6-digit base 5 number is 15624 in decimal. In base 5, it is 6 of the largest base-5 digits:
444444₅ = 15624₁₀
__
The digits of the number cannot be any larger than the largest base-5 digit. The base-5 digits are 0 to 4, so the largest is 4.
which exponential equation is equivalent to the logarithmic equation below? log478=a
A. 478^10 = a
B. a^10 = 478
C. 478^a = 10
D. 10^a = 478
Maria has 24 dollars. If cokes are 3 dollars and
hotdogs are 4 dollars, which inequality represents the
possibilities of how she can spend the 24 dollars:
Answer:
do 24 divide 3
then 24-4
have maria debate if she wants large quantities of hot dogs or cokes
this................................................................................................
Answer:
5
Step-by-step explanation:
3-(-2)
the two negative signs cancel out and it turns into
3 + 2
3 + 2 = 5
Answer:
5
Step-by-step explanation:
minus * minus = plus
3-(-2) = 3 + 2 = 5
Find the surface area of a square pyramid with side length 4 and slant height 5.
Answer:
56
Step-by-step explanation:
the surface area = (4×4) + (4×½×4×5)
= 16 + 40
= 56
What is the MEDIAN or Q2 of the data set: 24, 25, 29, 30, 31, 31, 32, 34, 34?
Answer:
31
Step-by-step explanation:
Median = middle number in terms of value
Usually the first step is to list the numbers in order from least to greatest however the numbers are already listed in order from least to greatest
24, 25, 29, 30, 31, 31, 32, 34, 34
We the just go to the middle number
The middle number would be 31
So we can conclude that the median is 31
GCF of 9x^2y^2 and 5x^2y^3
Answer:
x^2y^2.
Step-by-step explanation:
2x^2 + 3x - 12 when x = 5 help pls
[tex]\huge\textsf{Hey there!}[/tex]
[tex]\mathsf{2x^2 + 3x - 12}[/tex]
[tex]\mathsf{= 2(5)^2 + 3(5) - 12}[/tex]
[tex]\mathsf{5^2}[/tex]
[tex]\mathsf{= 5 \times 5}[/tex]
[tex]\mathsf{\bf = 25}[/tex]
[tex]\mathsf{2(25) + 3(5) - 12}[/tex]
[tex]\mathsf{2(25)}[/tex]
[tex]\mathsf{= \bf 50}[/tex]
[tex]\mathsf{3(5)}[/tex]
[tex]\mathsf{= \bf 15}[/tex]
[tex]\mathsf{= 50 + 15 - 12}[/tex]
[tex]\mathsf{50 + 15}[/tex]
[tex]\mathsf{= \bf 65}[/tex]
65 - 12
[tex]\mathsf{= \bf 53}[/tex]
[tex]\boxed{\boxed{\huge\textsf{Answer: \bf 53}}}\huge\checkmark[/tex]
[tex]\large\textsf{Good luck on your assignment and enjoy your day!}[/tex]
~[tex]\frak{Amphitrite1040:)}[/tex]
If the measure of angle 2 Is (4x+10)degrees and the measure of angle 3 is (3x-5)degrees, what is the measure of angle 2 in degrees?
Answer:
110°
Step-by-step explanation:
4x+10 + (3x-5) = 180
7x + 5 = 180
7x = 175
x = 25
∠2 = 4(25) + 10 = 110
The measure of angle 2 in degrees, when both lines are perpendicular, is approximately 58.56 degrees.
To find the measure of angle 2 when the lines are perpendicular, we can set up an equation. Since the angles are formed by perpendicular lines, we know that the sum of angle 2 and angle 3 will be equal to 90 degrees. Mathematically, we can write this as:
(4x + 10) + (3x - 5) = 90
Now, let's solve the equation to find the value of x. First, combine like terms:
4x + 3x + 10 - 5 = 90
7x + 5 = 90
Next, isolate x by subtracting 5 from both sides:
7x = 85
Finally, divide by 7 to solve for x:
x = 85 / 7 ≈ 12.14
Now that we have the value of x, we can find the measure of angle 2 by substituting x back into its expression:
Angle 2 = 4x + 10
Angle 2 = 4(12.14) + 10
Angle 2 ≈ 48.56 + 10
Angle 2 ≈ 58.56 degrees
To know more about angle here
https://brainly.com/question/4316040
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ANSWER ASAP!! Use the substitution method to solve the system of equations. 3x+7y=1 and y=x-7
Answer:
x=5
y = -2
(5,-2)
Step-by-step explanation:
3x+7y=1 and y=x-7
Substitute the second equation in for y in the first equation
3x+7( x-7)=1
Distribute
3x+ 7x - 49 = 1
Combine like terms
10x - 49 =1
Add 49 to each side
10x-49+49 = 1+49
10x = 50
Divide by 10
10x/10 = 50/10
x = 5
Now find y
y = x-7
y = 5-7
y = -2
how do i solve this ?
Answer:
[tex]2\sqrt{2}[/tex]
Step-by-step explanation:
The given triangle is an isosceles triangle. However, one can see that it has a right angle (indicated by the box around the angle). Thus the triangle is a (45 - 45 - 90) triangle. A (45- 45 - 90) triangle is the only right isosceles triangle. One of the properties of a right isosceles triangle is that its sides follow the following ratio,
[tex]a;a;a\sqrt{2}[/tex]
Where (a) represents the legs of the right triangle, the sides that are adjacent to the right angle, in this case, the congruent sides. ([tex]a\sqrt{2}[/tex]) is the hypotenuse, the side opposite the right angle.
It is given that the hypotenuse is equal to (4), one is asked to find the length of the legs. To do so, divide the hypotenuse by ([tex]\sqrt{2}[/tex]) to find the legs. One can do this because the triangle is a (45 - 45 - 90) triangle, thus it must follow the ratio of the sides.
[tex]=\frac{4}{\sqrt{2}}[/tex]
Rationalize the denominator,
[tex]\frac{4}{\sqrt{2}}\\\\=\frac{4\sqrt{2}}{2}\\\\=2\sqrt{2}[/tex]
Consider the following equation. -2x + 6 =[-2/3] + 5
Answer:
that's my answer
hope it helps
Will Mark Brainlest Help pls
Answer:
13
HOPE THIS HELPS YOU......
Simplify each expression by writing the expression without absolute value bars
Answer:
-1
Step-by-step explanation:
When b<4
|b-4| is negative
|b-4| = - ( b-4)
- (b-4) / ( b-4) =
Factoring out (b-4)
-1
I need help please :)
40 oz < 3lb
Is it true or false ?
Answer:
True
Step-by-step explanation:
40oz = 2.5 lb
10 = 0.625
What is the value of “a” in the function equation?
Answer: the value of A is 2
Step-by-step explanation:
kelly bought two dozen apples she found 1/3 of them were rotten how manu apples were rotten
the answer is 8 apples were rotten
Answer:
8 apples are rotten.
Step-by-step explanation:
2*12=24 . There are 12 apples in a dozen.
24/3=8
The base of a triangle is 9cm correct to the nearest cm.
The area of this triangle is 40 cm2 correct to the nearest 5 cm?.
Calculate the upper bound for the perpendicular height of this triangle.
Answer:
can you show the picture plz
1;3;5;7…(determine the value of the 19th term of the sequence)
Answer:
37
Step-by-step explanation:
fistly find how much different
3-1=2 5-3=2 7-5=2
so for the next and next value just plus two until the 19th then you will get 37
=============================================================
Explanation:
a = 1 is the first term
d = 2 is the common difference, since we add 2 to each term to get the next term.
The nth term is a+d(n-1) which becomes 1+2(n-1). That simplifies to 2n-1
The last step is to plug in n = 19 and you should get 2(19)-1 = 37
Answer and I will give you brainiliest
Answer:
x = 60 degree
Step-by-step explanation:
90 + 90 + 2x - 10 + 2x + 2x + 10 = 540 degree (sum of 5 interior angles)
180 + 6x = 540
6x = 540 - 180
x = 360/6
x = 60 degree
)Which statement best describes the area of the triangle shown below?
A coordinate grid is shown with a triangle.. The base is 4 units, and the height is 4 units.
It is one-half the area of a rectangle of length 4 units and width 2 units.
It is one-half the area of a square of side length 4 units.
It is twice the area of a rectangle of length 4 units and width 2 units.
It is twice the area of a square of side length 4 units.
9514 1404 393
Answer:
(b) It is one-half the area of a square of side length 4 units.
Step-by-step explanation:
The triangle described can be formed by drawing the diagonal through a square 4 units on a side. Such a diagonal cuts the square cleanly in half, so the area of the triangle is half the area of the square.
Answer:
B
Step-by-step explanation:
Hope you have a nice day! :o)
At a sale this week, a suit is being sold for $235.60. This is a 62% discount from the original price.
What is the original price?
Answer:
$620
Step-by-step explanation:
(1-62%)X=235.6
X=235.6/38%
X=620
The original price is $620
a triangular prism is 37 millimeters long and has a triangular face with a base of 42 millimeters and a height of 28 millimeters.The other two sides of the triangle are each 35 millimeters.What is the surface area of the triangular prism?
No links pls
Answer: 4145.43
Have a great day! ;)
Which expression is equivalent to 1/2 (6x + 1/2)
Answer:
3x + 1/4
Step-by-step explanation:
1/2 (6x + 1/2)
Distribute
1/2 * 6x + 1/2 * 1/2
3x + 1/4
Can somone help me solve this
Answer:
solid shade above
Step-by-step explanation:
graph line same way you would if it was an equal sign
all the y's that are greater are above the line
its solid because is greater than OR equal to. Equal to includes the line itself as a set of solutions