Let us assume that the prior distribution for the proportion y of drinks from a vending machine

Question:

Let us assume that the prior distribution for the proportion y of drinks from a vending machine that overflow is. If 2 of the next 9 drinks from this machine overflow, find(a) The posterior distribution for the proportion p;(b) The Bayc:s estimate ofp.

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...