Suppose that a random sample of 20 observations is taken from a normal distribution for which the

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Suppose that a random sample of 20 observations is taken from a normal distribution for which the value of the mean θ is unknown and the variance is 1. After the sample values have been observed, it is found that Xn = 10, and that the posterior distribution of θ is a normal distribution for which the mean is 8 and the variance is 1/25.What was the prior distribution of θ?
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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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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