Number of claims, N ~ B(n,q) is used, Is there any specific reason in using the probability 'q' instead of 'p'? Thanks & Regards, Nageswar.
True the q is just a dummy variable. May use any symbol you wish. That said looking at the formulas at the end of the chapter I thought they used q because it created similar formulas to those of the compound negative binomial making it easy for remembering since they are standard book work.