Consider again the problem described in Exercise 6, and assume the same prior distribution of . Suppose

Question:

Consider again the problem described in Exercise 6, and assume the same prior of θ. Suppose now, however, that instead of selecting a random sample of eight items from the lot, we perform the following experiment: Items from the lot are selected at random one by one until exactly three defectives have been found. If we find that we must select a total of eight items in this experiment, what is the posterior of θ at the end of the experiment?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...