Consider again the conditions of Exercise 2. Suppose that the prior distribution of ? is as given in Exercise 2, and suppose again that 20 items are selected at random from the shipment.
a. For what number of defective items in the sample will the mean squared error of the Bayes estimate be a maximum?
b. For what number will the mean squared error of the Bayes estimate be a minimum?
This question was answered on: Jul 11, 2017
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