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Let Y have a binominal distribution in which n = 20 and p = 0. The prior probability on e is Beta(a, b), where a, b> 0 are known constants. Find the following: (a) Posterior distribution. (b) Bayes' point estimate of 0, when L[0,8(y)] = [0- 8(y)]?.

Let Y have a binominal distribution in which n = 20 and p = 0. The prior probability on e is Beta(a, b), where a, b> 0 are known constants. Find the following: (a) Posterior distribution. (b) Bayes' point estimate of 0, when L[0,8(y)] = [0- 8(y)]?.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Let Y have a binominal distribution in which n = 20 and p = 0. The prior probability on e is Beta(a, b), where a, b > 0 are known constants. Find the following: (a) Posterior distribution. (b) Bayes' point estimate of 0, when L[0,8(y)] = [0 - 8(y)]?. %3D
Transcribed Image Text:Let Y have a binominal distribution in which n = 20 and p = 0. The prior probability on e is Beta(a, b), where a, b > 0 are known constants. Find the following: (a) Posterior distribution. (b) Bayes' point estimate of 0, when L[0,8(y)] = [0 - 8(y)]?. %3D
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