The weight of boxes of candy is a normal random variable with mean and variance 1/10

Question:

The weight of boxes of candy is a normal random variable with mean μ and variance 1/10 pound. The prior distribution for μ is normal with mean 5.03 pound and variance 1/ 25 pound. A random sample of 10 boxes gives a sample mean of x̅ = . 5 05 pounds.

(a) Find the Bayes estimate of μ.

(b) Compare the Bayes estimate with the maximum likelihood estimate.

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...

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