Suppose that X1, . . . , Xn form a random sample from the Bernoulli distribution with

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Suppose that X1, . . . , Xn form a random sample from the Bernoulli distribution with unknown parameter p, and the prior p.d.f. of p is a positive and differentiable function over the interval 0 < p < 1. Suppose, furthermore, that n is large, the observed values of X1, . . . , Xn are X1, . . . , Xn, and 0 < Xn < 1. Show that the posterior distribution of p will be approximately a normal distribution with mean Xn and variance Xn(1− Xn)/n. 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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