Consider the prior distributions assigned to p, the proportion of hits in a ganzfeld experiment, for the

Question:

Consider the prior distributions assigned to p, the proportion of hits in a ganzfeld experiment, for the skeptic, the open-minded individual, and the believer. Assume that the beta prior is assigned to π, and 18 hits were observed in 50 sessions in a ganzfeld experiment. Construct 95% Bayesian credible intervals for π corresponding to the skeptic, the open-minded individual, and the believer, and interpret the intervals.
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...