Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

here's my question 1. Let X be binomial(5, 0), where 0 S 0 g 1 is unknown. Using the Bayesian approach, we model 9 with

here's my question

image text in transcribedimage text in transcribedimage text in transcribed
1. Let X be binomial(5, 0), where 0 S 0 g 1 is unknown. Using the Bayesian approach, we model 9 with a random variable 8. Suppose researchers who are interested in knowing 9 have already established that it is very likely that 9 is close to 1 and not likely that 0 is close to O. (a) (4 points) Out of the following densities, which of the following density is the best choice of prior for 8? (i) 13(0) = 1 for 0 g 0 g 1; (ii) 13(9) = 29 for 0 g 9 g 1; (iii) f3(6) = e9 for o g 6. Explain your answer. (b) (8 points) Let f9 (0) be the prior density you chose in part (a). Suppose we observe X = 5. Given this observation, nd the posterior density 6. (c) (4 points) Between the prior and posterior densities of 8 in part (b), which has more density near 1? Explain the intuition of Why the density you identify should have more density near 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Equation Of Knowledge From Bayes Rule To A Unified Philosophy Of Science

Authors: Lê Nguyên Hoang

1st Edition

1000063275, 9781000063271

More Books

Students also viewed these Mathematics questions

Question

=+3. List the touchpoints where you'd reach your audience.

Answered: 1 week ago