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Student Solutions Manual to Accompany Loss Models: From Data to Decisions, Fourth Edition by Gordon E. Willmot, Harry H. Panjer, Stuart A. Klugman

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CHAPTER 11

CHAPTER 11 SOLUTIONS

11.1   SECTION 11.2

11.1 When all information is available, the calculations are in Table 11.1. As in Example 11.4, values apply from the current y-value to the next one.

11.2 (a) image

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(b)image

11.3 image

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Table 11.1  Calculations for Exercise 11.1.

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Table 11.2  Calculations for Exercise 11.4.

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11.2   SECTION 11.3

11.4 There are 392 observations and the calculations are in Table 11.2. For each interval, the ogive value is for the right-hand endpoint of the interval, while the histogram value is for the entire interval. Graphs of the ogive and histogram appear in Figures 11.1 and 11.2.

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Figure 11.1  Ogive for Exercise 11.4.

 

Figure 11.2  Histogram for Exercise 11.4.

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