Let X1,...,Xn be iid Poisson(A), and let A have a gamma(a,) distribution, the conjugate family for the
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(a) Calculate expressions for the posterior probabilities of Ho and Hi.
(b) If α = 5/2 and β = 2, the prior distribution is a chi squared distribution with 5 degrees of freedom. Explain how a chi squared table could be used to perform a Bayesian test.
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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