S
srivadana
Member
Hi,
This is reg Q8:
I am not sure why in the solution he mentioned X1= (n1 * Y1 )/c
I was thinking about this question this way:
For year 1:
The no of policies = n1
Claim amount is fixed = c per policy
So total no of claims = n1 * c
Average claim amount = Y1
I got stuck aftee this, I dint know how to go about f(y1,y2|theta) from here.
Can someone help?
This is reg Q8:
I am not sure why in the solution he mentioned X1= (n1 * Y1 )/c
I was thinking about this question this way:
For year 1:
The no of policies = n1
Claim amount is fixed = c per policy
So total no of claims = n1 * c
Average claim amount = Y1
I got stuck aftee this, I dint know how to go about f(y1,y2|theta) from here.
Can someone help?