Q2. The waiting time, in minutes, for a bus at a given stop at a certain time of the day is known to have the uniform distribution over the interval,(0), where # is unknown. From prior experience of this and similar routes, a prior Pareto distribution with p.d.f. a 5 4 05 is assumed for 8. If waiting times of 10, 3, 2, 5 and 14 minutes were observed at this stop, find the posterior distribution off and use it to suggest an estimate of the value off