For problem 15-54, a second sample of 60 people gives a sample mean of $27,050. Update the

Question:

For problem 15-54, a second sample of 60 people gives a sample mean of $27,050. Update the distribution of the population mean, and give a new HPD credible set of probability 0.95 for µ.

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...