In American football, it is important for the quarterback to throw the ball accurately to the receiver.
Question:
a. Assuming a binomial likelihood function for the 142 completed passes in 199 attempts and a beta(60, 38) prior distribution for π, compute the posterior distribution for π and the posterior estimate of π.
b. Construct and interpret a 95% Bayesian credible interval for π.
c. Construct a standard 95% confidence interval for π. Which interval for π is narrower?
d. At the end of the 2010 season, Brees’ completion rate of 68.1% was highest among all starting quarterbacks. How did your posterior estimate compare to his 2010 completion rate? Did his completion rate fall within the confidence interval and credible 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...
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Related Book For
Practicing Statistics Guided Investigations For The Second Course
ISBN: 9780321586018
1st Edition
Authors: Shonda Kuiper, Jeff Sklar
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