Question Details

(Solution) - In the situation of Exercise 9 suppose that a prior

Brief item decscription

Solution download

Item details:

In the situation of Exercise 9, suppose that a prior distribution is used for ? with p.d.f. ?(?) = 0.1 exp(?0.1?) for ? >0. (This is the exponential distribution with parameter 0.1.)
a. Prove that the posterior p.d.f. of ? given the data observed in Exercise 9 is

b. Calculate the posterior probability that |? ? 2| < 0.1, where 2 is the observed average of the data values.
c. Calculate the posterior probability that ? is in the confidence interval found in part (a) of Exercise 9.
d. Can you explain why the answer to part (b) is so close to the answer to part (e) of Exercise 9? Compare the posterior p.d.f. in part (a) to the function in Eq. (8.5.15).


About this question:

This question was answered on: Jul 11, 2017

PRICE: $15 (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now