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Old 10-13-2010, 04:24 AM
simon1012 simon1012 is offline
Join Date: Oct 2007
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Default Bayesian Credibility Inverse Exponential/Gamma

Hi Professor Weishaus,

I am using ASM 9th edition, and solving practice exam #6 question #15.

In the question, there are 3 claims and .
If I am using formula 44.3, ,
Then should equal 8.

However, according to the solution which calculate the posterior distribution, is equal to 6!

Did I misunderstand the formula 44.3, ?
Please advise. Thanks.
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Old 10-13-2010, 08:36 AM
yaukwankiu yaukwankiu is offline
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i think you are right. in the new edition the answer is 2963 (E). did you check the errata?
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