Suppose that in a particular telephone exchange, the number of calls received per minute has a Poisson distribution with parameter Assume an exponential prior for with parameter 2 Suppose this exchange had received 25 calls in 5 min Obtain a 95 credible interval for ...

Let X the number of calls received in five minutes ...

Suppose that in a particular telephone exchange, the number of calls received per minute has a Poisson

Question:

Suppose that in a particular telephone exchange, the number of calls received per minute has a Poisson with parameter λ. Assume an exponential prior for λ with parameter 2. Suppose this exchange had received 25 calls in 5 min. Obtain a 95% credible interval for λ. 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...