Consider again the conditions of Exercise 2. Suppose that the prior distribution of is as given

Question:

Consider again the conditions of Exercise 2. Suppose that the prior of θ is as given in Exercise 2, and suppose again that 20 items are selected at random from the shipment.
a. For what number of defective items in the sample will the mean squared error of the Bayes estimate be a maximum?
b. For what number will the mean squared error of the Bayes estimate be a minimum?
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...