Given the function f(x|v,0)=v0x-1-02 e ,x20 with shape parameter v = 3 and unknown rate parameter...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given the function f(x|v,0)=v0x-1-02" e ,x20 with shape parameter v = 3 and unknown rate parameter 8. We have observed values X1-3, X2=4, X3=2. Assume an exponential prior on 8 with rate parameter A=5/2. a) Find the posterior distribution of for the given prior. b) Find the posterior mean and variance. Previous answers to this question were wrong. Please provide a correct solution. For part (a) I got the answer 36√300³e-(203/2) but I'm not sure if it's right. Given the function f(x|v,0)=v0x-1-02" e ,x20 with shape parameter v = 3 and unknown rate parameter 8. We have observed values X1-3, X2=4, X3=2. Assume an exponential prior on 8 with rate parameter A=5/2. a) Find the posterior distribution of for the given prior. b) Find the posterior mean and variance. Previous answers to this question were wrong. Please provide a correct solution. For part (a) I got the answer 36√300³e-(203/2) but I'm not sure if it's right.
Expert Answer:
Answer rating: 100% (QA)
a Posterior distribution of Px1x2x3 PPx1x2x3 e 3 e x13x23x33 52 e52 3 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Given the function f (x) = (x - 5), use composition of functions to show that f -1(x) = x2 + 5.
-
Given the function f at the following values, Approximate Using all the appropriate quadrature formulas of this section r1.8 f(x) 3.12014 4.42569.0424 8.03014 10.46675 2.0 22 2.4 2.6 J f(x) dx
-
Given the function f and the point Q, find all points P on the graph of f such that the line tangent to f at P passes though Q. Check your work by graphing f and the tangent lines. f(x) = x 2 + 1;...
-
Crosby is known for his advocacy of zero-defects management and prevention; Crosby's Quality Vaccine consists of which three ingredients? Group of answer choices A. Determination, Education, and...
-
Exercise 5-25A. Requirements 1. Record Uncollectible-Account Expense for December by the direct write-off method. 2. What amount of accounts receivable would High Peaks report on its December 31...
-
How did REO address the strategic, administrative, and developmental purpose of performance management?
-
The adjusted trial balance for CED Electric, Inc., as of June 30, 2010, is presented next: Requirements 1. Prepare the multi-step income statement for June for CED Electric, Inc. 2. Calculate the...
-
Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers. On May 1, the company had no inventories of goods in process or finished goods...
-
Decision Analysis: Myka would like to maintain a 50% gross profit to cover AVS's administrative expenses of US$125,000 and target a 15% net profit. What should the target cost per case be in order to...
-
There is a parcel of land next to the Playful Paws, Inc. building. Ellen, the owner of this property, approached John to discuss the idea of selling it to him. John is interested. Ellen knows that...
-
Calculate the reaction force that exerted on the water by the elbow to hold it in equilibrium. The elbow is in a horizontal plane and is connected to two 4-in diameter pipes carrying 3000 L/min of...
-
As a recognized career development consultant, you have received a request to present at a workshop attended by employees from various industries. When uncertainty is the only constant strategic...
-
Use local linearization to approximate 25.3 as follows: Let f(x)=. The local linearization of f at 25 is 125(x) = yo+m(x-25), where m and yo= Using this, we find our approximation 25.3125(25.3) =...
-
Choose any business type undertaken in your country and show how the components of marketing mix have been used.
-
State how pay for performance might be used to achieve (or support) that objective. Provide 1-2 compensation examples in your response. Also Describe what is the compensation policy of performance?
-
What is Diluted EPS, and why is it important for investors?.. 2. How is Diluted EPS different from Basic EPS? 3. What factors can result in a potential dilution of EPS? 4. How are stock options and...
-
Because of refraction, an object 3 meters below the surface of a lake appears to be 4 meters below the surface 2.30 2.35 2.45 A diver inadvertently Jeft his keys in his shorts when he was swimming...
-
Estimate a range for the optimal objective value for the following LPs: (a) Minimize z = 5x1 + 2x2 Subject to X1 - x2 3 2x1 + 3x2 5 X1, x2 0 (b) Maximize z = x1 + 5x2 + 3x3 Subject to X1 + 2x2 +...
-
Professor Patricia (Patty) Pate is retired from the PalmSprings Culinary Arts Academy (PSCAA). She is a single taxpayer and is 68 years old. Patty lives at 98 Colander Street, Henderson, NV 89052....
-
Rebecca and Walter Bunge have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Rebecca is a homemaker and Walt is a high school teacher. Rebecca's Social...
-
Ray and Maria Gomez have been married 3 years. They live at 1610 Quince Ave., McAllen, TX 78701. Ray works for Palm Oil Corporation and Maria works for the City of McAllen. Maria's Social Security...
-
A healthy diet is becoming increasingly important for consumers, especially women aged 2535. As a result, they are taking active steps to ensure they are eating healthy but are also looking for other...
-
Lael was just hired by Best East Motels into their manager training program and was excited about the potential benefits after her graduation from Florida State University. Working part-time and...
-
Sophie just completed a sales training course with one of the firms most productive sales representatives, Emma. At the end of the first week, Sophie and Emma sat in a motel room filling out their...
Study smarter with the SolutionInn App