A statistician is interested in the mean p of a normal population, and his prior distribution is
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A statistician is interested in the mean p of a normal population, and his prior distribution is normal with mean 800 and variance 12. The variance of the population is known to be 72. How large a sample would be needed to guarĀ¬
antee that the variance of the posterior distribution is no larger than 1 ? How large a sample would be needed to guarantee that the variance of the posterior distribution is no larger than .1?
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Related Book For
Statistics Probability Inference And Decision
ISBN: 9780030778056
1st Edition
Authors: Robert L. Winkler, William L. Hays
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