The number of cracks in the tarmac per kilometer of road is assumed to follow a Poisson
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The number of cracks in the tarmac per kilometer of road is assumed to follow a Poisson process with rate \(\lambda\).
Your job is to find this rate for a lesser highway, and you have found 13 cracks in \(10 \mathrm{~km}\). Use neutral prior, and calculate the posterior probability distribution of \(\lambda\).
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Related Book For
The Bayesian Way Introductory Statistics For Economists And Engineers
ISBN: 9781119246879
1st Edition
Authors: Svein Olav Nyberg
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