A
Aisha
Member
In Q&A bank part 2. Question 2.2(i), I have the following doubts:
1.Why has there been no use of summation ( or product) for calculating the likelihood.?
2. Let X be the number of claims per policy per year. So summation of X in the past year will give n. Using this approach how can we possibly solve the question?
1.Why has there been no use of summation ( or product) for calculating the likelihood.?
2. Let X be the number of claims per policy per year. So summation of X in the past year will give n. Using this approach how can we possibly solve the question?