Question: Let X1, X2, . . . , Xn be a random sample from a gamma distribution with known and with = 1/. Say
(a) Find the posterior pdf of τ, given that X1 = x1, X2 = x2, . . . , Xn = xn.
(b) Find the mean of the posterior distribution found in part (a), and write it as a function of the sample mean and α0θ0.
(c) Explain how you would find a 95% interval estimate of τ if n = 10, α = 3, α0 = 10, and θ0 = 2.
Step by Step Solution
3.26 Rating (184 Votes )
There are 3 Steps involved in it
a b c gTF1 2xn x ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
579-M-S-P-E (715).docx
120 KBs Word File
