To rewrite: The given expression without using absolute value symbol.

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~ exp(10). A 3. Claim number per policy is modelled by Poisson(A) with A sample x of N = 100 policies presents an average = 4 claims per policy. (i) Compute an a priory estimate of numbers of claims per policy. [2 Marks] (ii) Determine the posterior distribution of A. Give your argument. [5 Marks] (iii) Compute an a posteriori estimate of numbers of claims per policy. [3 Marks]

Answer 1

Question

Chapter A, Problem 7E

To determine

To rewrite: The given expression without using absolute value symbol.

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~ exp(10). A 3. Claim number per policy is modelled by Poisson(A) with A sample x of N = 100 policies presents an average = 4 claims per policy. (i) Compute an a priory estimate of numbers of claims per policy. [2 Marks] (ii) Determine the posterior distribution of A. Give your argument. [5 Marks] (iii) Compute an a posteriori estimate of numbers of claims per policy. [3 Marks]

2. The size of a claim is modelled by F(a, λ) with a fixed a a maximum likelihood estimate of A given a sample x with a sample mean x = 11 = 121. Give [5 Marks]

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