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

The number of defects on a 1200foot roll of tape has the same distribut ...

Let denote the average number of defects per 100 feet of a certain type of magnetic

Question:

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 of θ is the gamma 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 of θ.
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...