I don't get it why it multiplies 1/0.4 to the intergral part. I know q is uniformly between 0 to 0.4, and the pdf is 1/0.4. why do i need to mulitiply q's pdf?
as i am typing right now, i seem to get it a little, could someone expliane it in more details plz?:guitar::popcorn:
The question is :
the number of losses on a homeowner's policyholder is BIN(m=5, q). q varies by policyholder uniformly between 0 to 0.4.
cal. the prob. of 2 or more losses for a policyholder.
as i am typing right now, i seem to get it a little, could someone expliane it in more details plz?:guitar::popcorn:
The question is :
the number of losses on a homeowner's policyholder is BIN(m=5, q). q varies by policyholder uniformly between 0 to 0.4.
cal. the prob. of 2 or more losses for a policyholder.
ASM 4.1.2Continuous mixtures Ex.4D
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