What is the maximal value of the precision (tau_{X}) for a Bernoulli distributed stochastic variable (X) ?

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What is the maximal value of the precision $\tau_{X}$ for a Bernoulli distributed stochastic variable $X$ ? Which values of $p$ give the largest values of the precision?

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The Bayesian Way Introductory Statistics For Economists And Engineers

ISBN: 9781119246879

1st Edition

Authors: Svein Olav Nyberg

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Question Posted: Mar 16, 2024 12:00 AM

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What is the maximal value of the precision (tau_{X}) for a Bernoulli distributed stochastic variable (X) ?

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The Bayesian Way Introductory Statistics For Economists And Engineers

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