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minimum number of Problem 7. Fifteen claims following exponential distribution with mean a are ob- served: {0, 38, 54, 61, 114, 214, 315, 404, 514,
minimum number of Problem 7. Fifteen claims following exponential distribution with mean a are ob- served: {0, 38, 54, 61, 114, 214, 315, 404, 514, 520, 777, 810, 1001, 1314, 1919) (1) Determine the full credibility standard with r = 0.05 and p = 0.99. (6pts) (2) How would the full credibility standard change with three additional claims: {M - 150, /4 + 50, / + 100}? (4pts)
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