1. Use the Bayesian Calculator to find the reliability and credibility Interval for R. Beta prior pi=0.9, Nm=5, N=23, # failed f-3,. Rerun with Nm-15 prior. Rerun with uniform prior. Compare credibility interval with classical Cl

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
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1. Use the Bayesian Calculator to find the reliability and credibility Interval for R. Beta prior pi=0.9,
Nm=5, N=23, # failed f=3,. Rerun with Nm=15 prior. Rerun with uniform prior. Compare credibility
interval with classical Cl
Transcribed Image Text:1. Use the Bayesian Calculator to find the reliability and credibility Interval for R. Beta prior pi=0.9, Nm=5, N=23, # failed f=3,. Rerun with Nm=15 prior. Rerun with uniform prior. Compare credibility interval with classical Cl
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