Suppose that your prior beliefs about the probability of success in Bernoulli trials have mean 1/3

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Suppose that your prior beliefs about the probability π of success in Bernoulli trials have mean 1/3 and variance 1/32. Give a 95% posterior HDR for π given that you have observed 8 successes in 20 trials.

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Bayesian Statistics An Introduction

ISBN: 9781118332573

4th Edition

Authors: Peter M. Lee

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Question Posted: Nov 28, 2023 04:33 AM

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Suppose that your prior beliefs about the probability of success in Bernoulli trials have mean 1/3

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To find a 95 posterior Highest Density Region HDR for the probability of success in Bernoulli trials ...View the full answer

Bayesian Statistics An Introduction

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