The number of miles ridden until a rental bicycle gets a flat tire is modelled as an Exponential(2) random variable. A Gamma(α=4.0, ß= 120.0) prior for was selected. A random sample of n = 5 flats had the following distances travelled between the occurrences of flats: 8.0, 42.2, 16.8, 44.8, 10 Find a Normal Approximation, Normal(µ, o²), (expectation µ and standard deviation ♂) to the posterior distribution for where μ = and o =

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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The number of miles ridden until a rental bicycle gets a flat tire is modelled as an
Exponential(2) random variable.
A Gamma(a 4.0, ß= 120.0) prior for was selected.
A random sample of n = 5 flats had the following distances travelled between the
occurrences of flats:
8.0, 42.2, 16.8, 44.8, 10
Find a Normal Approximation, Normal(μ, ²), (expectation μ and standard deviation o) to
the posterior distribution for >
where μ =
and o =
Transcribed Image Text:The number of miles ridden until a rental bicycle gets a flat tire is modelled as an Exponential(2) random variable. A Gamma(a 4.0, ß= 120.0) prior for was selected. A random sample of n = 5 flats had the following distances travelled between the occurrences of flats: 8.0, 42.2, 16.8, 44.8, 10 Find a Normal Approximation, Normal(μ, ²), (expectation μ and standard deviation o) to the posterior distribution for > where μ = and o =
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