Consider again the situation in Example 9.6.2. Let 1 be the mean of log-rainfall from seeded clouds,

Question:

Consider again the situation in Example 9.6.2. Let μ1 be the mean of log-rainfall from seeded clouds, and let μ2 be the mean of log-rainfall from unseeded clouds. Use the improper prior for the parameters.
a. Find the posterior of μ1 − μ2.
b. Draw a graph of the posterior probability that |μ1 − μ2| ≤ d as a function of d.
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...