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A pollster knows that, in the past, support for a Republican candidate for governor in Ohio never goes below 40% and can get as high
A pollster knows that, in the past, support for a Republican candidate for governor in Ohio never goes below 40% and can get as high as 70%. On average it is 52%. Suppose in a random ample of 200 likely voters, 100 say they will vote republican. Find a Bayesian 95% confidence interval and compare it to the frequentist 95% confidence interval. Why and how are they different?
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To compute the Bayesian 95 confidence interval we need to use Bayes theorem and assume a prior distribution We can assume a beta distribution as the p...
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
