Consider the problem of estimating p in a binomial distribution Let X be number of successes in a sample of size n (a) Let the prior distribution of p be given by Beta(3,1), that is Find the posterior distribution of p (b) Let the prior distribution of p be given by Beta (a,b) (that is, (p) pa1 (1p...

a Since Hence the posterior d ...

Consider the problem of estimating p in a binomial distribution. Let X be number of successes in

Question:

Consider the problem of estimating p in a binomial Let X be number of successes in a sample of size n.
(a) Let the prior of p be given by Beta(3,1), that is

Find the posterior distribution of p.

(b) Let the prior distribution of p be given by Beta (a,b) (that is, Ï€(p) ˆ pa€“1 (1€“p)b€“1). Find the posterior distribution of p.

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...