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N, the number of claims random variable, has a mixed distribution formed of: (i) A binomial (n=2, p=0.5) with mixing weight of 0.3. (ii) A
N, the number of claims random variable, has a mixed distribution formed of:
(i) A binomial (n=2, p=0.5) with mixing weight of 0.3.
(ii) A negative binomial NB (r=4, B=1) with mixing weight of 0.7.
(a) what's the unconditional probability P[N < 2]?
(b) What is the unconditional expected value of N?
(c) What is the unconditional variance of N?
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