Consider the data in Example 7 3 10 This time, suppose that we use the improper prior p d f () 1 (for all ) Find the posterior distribution of and the posterior probability that 1 ...

The posterior pdf is proportional to the likelihood since the prior pdf is constant ...

Consider the data in Example 7.3.10. This time, suppose that we use the improper prior p.d.f. ()

Question:

Consider the data in Example 7.3.10. This time, suppose that we use the improper prior “p.d.f.” ξ(θ) = 1 (for all θ). Find the posterior of θ and the posterior probability that θ >1.
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...