Question: Let denote the average number of defects per 100 feet of a certain type of magnetic tape. Suppose that the value of is
Let θ denote the average number of defects per 100 feet of a certain type of magnetic tape. Suppose that the value of θ is unknown and that the prior distribution of θ is the gamma distribution with parameters α = 2 and β = 10. When a 1200-foot roll of this tape is inspected, exactly four defects are found. Determine the posterior distribution of θ.
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