Implement the simulation in Example 12 2 3 for the clinical trial of Example 2 1 4 on page 57 Simulate 5000 parameter vectors Use a prior distribution with 0 1 and 0 1 Estimate the probability that the imipramine group has the highest probability of no relapse Calculate how many simulations you wou...

Using the prior distribution stated in the exercise the po ...

Implement the simulation in Example 12.2.3 for the clinical trial of Example 2.1.4 on page 57. Simulate

Question:

Implement the simulation in Example 12.2.3 for the clinical trial of Example 2.1.4 on page 57. Simulate 5000 parameter vectors. Use a prior with α0 = 1 and β0 = 1. Estimate the probability that the imipramine group has the highest probability of no relapse. Calculate how many simulations you would need to be 95 percent confident that your estimator is within 0.01 of the true probability.
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...