I don't understand where does the $\frac{k-1}{k}$ factor come from, in the probability mass function derived by Bayesian approach:
https://en.wikipedia.org/wiki/German_tank_problem
(in the Example section, near the top of the article)
I don't understand where does the $\frac{k-1}{k}$ factor come from, in the probability mass function derived by Bayesian approach:
https://en.wikipedia.org/wiki/German_tank_problem
(in the Example section, near the top of the article)
It's derived later on in the same article, in the "Summation Formula" subsection.