Question: Suppose that the time to failure T of a certain hinge is an exponential random variable with probability density f(t) = et, t> 0. From
Suppose that the time to failure T of a certain hinge is an exponential random variable with probability density f(t) = θe−θt, t> 0.
From prior experience we are led to believe that θ is a value of an exponential random variable with probability density
π(θ)=2e
−2θ
, θ> 0.
If we have a sample of n observations on T, show that the posterior distribution of Θ is a gamma distribution
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