1. The number of claims is modelled by a NB2(n, p) (the number of fail- ures before the nth success with probability p of success). The sample x = (x1, x2,,XN) with N = 100 returns N N xj = 754, Σε = 70425. j=1 Estimate the parameters n and p using the point estimates. [5 Marks]

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 14PPS
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1.
The number of claims is modelled by a NB2(n, p) (the number of fail-
ures before the nth success with probability p of success). The sample x =
(x1, x2,,XN) with N = 100 returns
N
N
xj =
754,
Σε = 70425.
j=1
Estimate the parameters n and p using the point estimates.
[5 Marks]
Transcribed Image Text:1. The number of claims is modelled by a NB2(n, p) (the number of fail- ures before the nth success with probability p of success). The sample x = (x1, x2,,XN) with N = 100 returns N N xj = 754, Σε = 70425. j=1 Estimate the parameters n and p using the point estimates. [5 Marks]
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