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Unformatted text preview: Poisson distribution given the parameter of Î». The parameter Î» is distributed as a Gamma distribution with Î± = Î¸ = 1. Calculate the unconditional probability that the number of claims in a year is exactly 1. (Bonus) Determine the formula for the unconditional probability that there will be exactly n claims per year....
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- Fall '11
- Normal Distribution, Probability theory, unconditional probability, dental expenses