Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I'm having some issues with the following task - It would be perfect if somebody could help me, please. I really would like to understand

I'm having some issues with the following task - It would be perfect if somebody could help me, please. I really would like to understand the details which means that I need really detailed explanations step by step (especially the contex and the math behind):

Let 1, 2, ..., 10 be a random sample from a gamma distribution with = 3 and = 1/. Suppose we believe that follows a gamma-distribution with = 17 and = 72 and suppose we have a trial (1 , ... , ) with an observed = 39.29

a) Find the posterior distribution of .

b) What is the Bayes point estimate of associated with the square-error loss function?

c) What is the Bayes point estimate of using the mode of the posterior distribution?

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

College Algebra

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

12th edition

134697022, 9780134313795 , 978-0134697024

More Books

Students also viewed these Mathematics questions

Question

What type of events do Timer objects generate?

Answered: 1 week ago

Question

Who do you usually turn to for help when facing a problem?

Answered: 1 week ago

Question

Create a decision tree for Problem 12.

Answered: 1 week ago