The weight of milk powder in a 1 kg package is normal(, 2 ) distribution (where
Question:
The weight of milk powder in a "1 kg" package is normal(μ, σ2) distribution (where it is known that the mean μ = 1015 g). Let a random sample of 10 packages be taken and weighed. The weights are
(a) What is the equation for the shape of the likelihood function of the variance σ2?
(b) We believe (before looking at the data) that the standard deviation is as likely to be above 5 as it is to be below 5. (Our prior belief is that the distribution of the standard deviation has median 5.) Find the inverse chi-squared prior with 1 degree of freedom that fits our prior belief about the median.
(c) Change the variable from the variance to the standard deviation to
nd the prior distribution for the standard deviation σ.
(d) Find the posterior distribution of the variance σ2.
(e) Change the variable from the variance to the standard deviation to find the posterior distribution of the standard deviation.
Step by Step Answer:
Introduction To Bayesian Statistics
ISBN: 9781118091562
3rd Edition
Authors: William M. Bolstad, James M. Curran