Question
Assume a beta prior with=.672 and2=.0074 forpfor a Bernoulli process. The observation: 71 consecutive successes with no failures. Graph the prior and the posterior beta
Assume a beta prior with=.672 and2=.0074 forpfor a Bernoulli process. The observation: 71 consecutive successes with no failures. Graph the prior and the posterior beta density functions on the same axis and find a 90 percent (or close) credible interval forp.
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EnVision Algebra 1
Authors: Al Cuoco, Christine D. Thomas, Danielle Kennedy, Eric Milou, Rose Mary Zbiek
Student Edition
0328931578, 978-0328931576
