In the context of problem 15-13, a second random sample of 15 diners is asked to rate

Question:

In the context of problem 15-13, a second random sample of 15 diners is asked to rate the foie gras, giving a mean rating of 95 and standard deviation of 1. Incorporate the new information to give a posterior distribution that accounts for both samplings and the prior distribution. Give a 95% HPD credible set for mean rating.

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...