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.

The standard distance between studs in a house is 1.5 feet. if you have a set of blueprints for a house that mark every 1.5 feet with 2 in., by how many inches will a 13-foot wall be represented?

Select the quadratic that has root x = 8 and x = -5

Cone w has a radius of 8 cm and a height of 5 cm. square pyramid x has the same base area and height as cone w. paul and manuel disagree on how the volumes of cone w and square pyramid x are related. examine their arguments. which statement explains whose argument is correct and why? paul manuel the volume of square pyramid x is equal to the volume of cone w. this can be proven by finding the base area and volume of cone w, along with the volume of square pyramid x. the base area of cone w is π(r2) = π(82) = 200.96 cm2. the volume of cone w is one third(area of base)(h) = one third third(200.96)(5) = 334.93 cm3. the volume of square pyramid x is one third(area of base)(h) = one third(200.96)(5) = 334.93 cm3. the volume of square pyramid x is three times the volume of cone w. this can be proven by finding the base area and volume of cone w, along with the volume of square pyramid x. the base area of cone w is π(r2) = π(82) = 200.96 cm2. the volume of cone w is one third(area of base)(h) = one third(200.96)(5) = 334.93 cm3. the volume of square pyramid x is (area of base)(h) = (200.96)(5) = 1,004.8 cm3. paul's argument is correct; manuel used the incorrect formula to find the volume of square pyramid x. paul's argument is correct; manuel used the incorrect base area to find the volume of square pyramid x. manuel's argument is correct; paul used the incorrect formula to find the volume of square pyramid x. manuel's argument is correct; paul used the incorrect base area to find the volume of square pyramid x.