Refer to Exercise 1.12 on estimating the population proportion of vegetarians. For the beta(0.5, 0.5) prior,
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Refer to Exercise 1.12 on estimating the population proportion π of vegetarians. For the beta(0.5, 0.5) prior, find the Bayes estimator of π, show that the posterior 95%
interval is (0.00002, 0.0947), and show that the posterior P(π < 0.50) = 1.000.
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