(following Hogg, McKean & Craig, exercise 11.2.2) Let X1, X2, .., X10 be a random sample from a gamma distribution with a = 3 and ß = 1/0. Suppose we believe that 0 follows a gamma-distribution with a = 3 and B = 2: a) Find the posterior distribution of 0. b) If the observed x = 16.2, what is the Bayes point estimate associated with the square-error loss function? c) What is the Bayes point estimate using the mode of the posterior distribution?

(following Hogg, McKean & Craig, exercise 11.2.2) Let X1, X2, .., X10 be a random sample from a gamma distribution with a = 3 and ß = 1/0. Suppose we believe that 0 follows a gamma-distribution with a = 3 and B = 2: a) Find the posterior distribution of 0. b) If the observed x = 16.2, what is the Bayes point estimate associated with the square-error loss function? c) What is the Bayes point estimate using the mode of the posterior distribution?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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