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