Making use of the results of Exercise 6.29 on page 184, show that the mean of the

Question:

Making use of the results of Exercise 6.29 on page 184, show that the mean of the posterior distribution of Θ given on page 304 can be written as

That is, as a weighted mean of x/n and θ₀, where θ₀ and σ²₀ are the mean and the variance of the prior beta distribution of Θ and

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...