PLease make it ASAP. DOnt worrry about answer. just follow proper procedure

2. For each of it independent policies, the probability of no claim in a year is 1 .._ p and there is a maximum of one claim per policy. The total number of claims in one year is a random variable X. Independent observations x1, , x\" of X are available. The prior distribution of p is a beta distribution with parameters {I and 3, with a = ,3. (a) Calculate the credibility estimate of p and the value of 2' if 233:1 xi = 12 , k = ID and when 35' : 4-. [13] (b) Comment on the effect on Z of increasing n and ,3, and relate this effect to the quality of the risk data and prior information about 39 in each case. [4]