The study on acid concentration in cheese included a total of 30 lactic acid measurements, the 10
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1.68, 1.9, 1.06, 1.3, 1.52, 1.74, 1.16, 1.49, 1.63, 1.99,
1.15, 1.33, 1.44, 2.01, 1.31, 1.46, 1.72, 1.25, 1.08, 1.25.
a. Using the same prior as in Example 8.6.2 on page 498, compute the posterior distribution of μ and τ based on all 30 observations.
b. Use the posterior distribution found in Example 8.6.2 on page 498 as if it were the prior distribution before observing the 20 observations listed in this problem. Use these 20 new observations to find the posterior distribution of μ and τ and compare the result to the answer to part (a).
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
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