Repeat part (a) with a beta(2, 4) prior. [Minitab:] Store the likelihood and posterior in columns c5
Question:
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
Introduction To Bayesian Statistics
ISBN: 9781118091562
3rd Edition
Authors: William M. Bolstad, James M. Curran
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