The weight of boxes of candy is a normal random variable with mean u and variance 1/10 pound. The prior distribution for µ is normal with mean 5.03 pound and variance 1/25 pound. A random sample of 10 boxes gives a sample mean of x=5.05 pounds. (a) Find the Bayes estimate of µ. (b) Compare the Bayes estimate with the maximum likelihood estimate.

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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7. The weight of boxes of candy is a normal random variable with mean u and variance 1/10
pound. The prior distribution for u is normal with mean 5.03 pound and variance 1/25 pound. A
random sample of 10 boxes gives a sample mean of x=5.05 pounds.
(a) Find the Bayes estimate of u.
(b) Compare the Bayes estimate with the maximum likelihood estimate.
Transcribed Image Text:7. The weight of boxes of candy is a normal random variable with mean u and variance 1/10 pound. The prior distribution for u is normal with mean 5.03 pound and variance 1/25 pound. A random sample of 10 boxes gives a sample mean of x=5.05 pounds. (a) Find the Bayes estimate of u. (b) Compare the Bayes estimate with the maximum likelihood estimate.
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