T
trackr
Member
Hi guys,
I honestly don't understand how they are solving example 10.8. In the solution section - the first equation line after "the likelihood for these 15 low-risk & ....."
I thought it would be Product 1 to 48 and not Product 1 to 15. My thinking is the claims X (that ARISE from a low risk policy) have poi(mu) dist.
So:
X~Poi(mu) - since X is the claims and 15 low risk policies have 48 claims should it not be Product 1 to 48?
If anyone can explain this to me, I would be greatful!
Thanks!
I honestly don't understand how they are solving example 10.8. In the solution section - the first equation line after "the likelihood for these 15 low-risk & ....."
I thought it would be Product 1 to 48 and not Product 1 to 15. My thinking is the claims X (that ARISE from a low risk policy) have poi(mu) dist.
So:
X~Poi(mu) - since X is the claims and 15 low risk policies have 48 claims should it not be Product 1 to 48?
If anyone can explain this to me, I would be greatful!
Thanks!