Repeat part (a) with a beta(2, 4) prior. [Minitab:] Store the likelihood and posterior in columns c5

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Repeat part (a) with a beta(2, 4) prior.


[Minitab:] Store the likelihood and posterior in columns c5 and c6 respectively.


Data From Exercise 1

(a) What are the posterior mean and standard deviation?

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Related Book For  book-img-for-question

Introduction To Bayesian Statistics

ISBN: 9781118091562

3rd Edition

Authors: William M. Bolstad, James M. Curran

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