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  3. you are given: (iv) the claim frequency for a sing

You are given: (iv) The claim frequency for a single insured follows a Poisson distribution with mean...

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Statistics

You are given:
(iv) The claim frequency for a single insured follows a Poissondistribution with mean ?.
(v) The claim frequency rate, ?, has a gamma distribution with mean1/10
and variance 4/10000
.
(vi) During the last 3 years, 150 claims have occurred.
(vii) In each of the three years, 200 policies were in force.
Determine the Bayesian estimate of the posterior claim frequencyrate based upon the latest
observation.

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