Question: 8a. Small Potatoes (SP), is a microchip company. On average, 45 percent of SP's product liability claims for a calendar year are reported during the

 8a. Small Potatoes (SP), is a microchip company. On average, 45

8a. Small Potatoes (SP), is a microchip company. On average, 45 percent of SP's product liability claims for a calendar year are reported during the calendar year. For 2019, 22 product liability claims were reported during the policy year. many product liability claims (ultimately) should SP expect for 2017? (1 point) How b. SP's loss development factors for product liability and general liability are provided below: Months after End of Calendar Year: 12 18 24 30 36 Product Liability General Liability 4.1 3.2 3.5 2.1 2.6 1.7 1.4 1.2 1.1 1.0 1. One and a half years after the end of the calendar year, general liability claims to-date were $1.4 million. What are the ultimate general liability claims that SP should expect for this calendar year? (one point) 2. Twenty-four months after the end of a calendar year, product liability claims to-date were $1.5 million. What are the ultimate product liability claims should that SP should expect for this year? (one point) 8a. Small Potatoes (SP), is a microchip company. On average, 45 percent of SP's product liability claims for a calendar year are reported during the calendar year. For 2019, 22 product liability claims were reported during the policy year. many product liability claims (ultimately) should SP expect for 2017? (1 point) How b. SP's loss development factors for product liability and general liability are provided below: Months after End of Calendar Year: 12 18 24 30 36 Product Liability General Liability 4.1 3.2 3.5 2.1 2.6 1.7 1.4 1.2 1.1 1.0 1. One and a half years after the end of the calendar year, general liability claims to-date were $1.4 million. What are the ultimate general liability claims that SP should expect for this calendar year? (one point) 2. Twenty-four months after the end of a calendar year, product liability claims to-date were $1.5 million. What are the ultimate product liability claims should that SP should expect for this year? (one point)

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