5.75. Let tt be the probability a randomly selected voter prefers the Republican candidate. You sample 2

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5.75. Let tt be the probability a randomly selected voter prefers the Republican candidate. You sample 2 people, and neither prefers, the Republican. Find the point estimate of tt. Does this estimate seem sensible? Why? (The Bayesian estimatoris an alternative one that uses a subjective approach, combining the sample data with your prior beliefs about tt before seeing the data. For example, ifyou believed 77 was equally likely to fall anywhere from 0 to 1, the Bayesian estimate adds two observations, one of each type, thus yielding the estimate 1/4.)

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