Suppose you assign a Beta(a, 3) prior distribution for 0, and then you observe y heads out of n spins. It can be shown algebraically that your posterior mean of always lies between your prior mean, , and the observed relative frequency of heads, 2. This is provided as food for thought and you do not need to show it. α Show that, if the prior distribution on is uniform, the posterior variance of 0 is always less than the prior variance.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

can you provide explanations please

Suppose you assign a Beta(a, 3) prior distribution for 0, and then you observe y heads out
of n spins. It can be shown algebraically that your posterior mean of always lies between
your prior mean, t, and the observed relative frequency of heads, %. This is provided as
food for thought and you do not need to show it.
n
Show that, if the prior distribution on is uniform, the posterior variance of 0 is always less
than the prior variance.
Transcribed Image Text:Suppose you assign a Beta(a, 3) prior distribution for 0, and then you observe y heads out of n spins. It can be shown algebraically that your posterior mean of always lies between your prior mean, t, and the observed relative frequency of heads, %. This is provided as food for thought and you do not need to show it. n Show that, if the prior distribution on is uniform, the posterior variance of 0 is always less than the prior variance.
Expert Solution
steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman