Wait times for Uber rides as people exit a certain sports arena are uniformly distributed on the
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Wait times for Uber rides as people exit a certain sports arena are uniformly distributed on the interval [0, θ] with h unknown. Suppose the following Pareto prior distribution is assigned to θ:
Based on observing the wait times x1,. . ., xn of n Uber customers, determine the posterior distribution of h. Some care must be taken to address the boundaries θ ≥ 20 and xi ≤ θ.
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Related Book For
Modern Mathematical Statistics With Applications
ISBN: 9783030551551
3rd Edition
Authors: Jay L. Devore, Kenneth N. Berk, Matthew A. Carlton
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