Question: Assume that X, X,... is a sequential sample from a B(1,0) density, and that a decision between two possible actions, a and ai, must be
Assume that X₁, X₂,... is a sequential sample from a B(1,0) density, and that a decision between two possible actions, a and ai, must be made. The decision loss is L(0,
a) = 0 and L(0,
a) = 1 - 0, while each observation costs = . Find the Bayes 2-truncated procedure, d², when has a U(0, 1) prior density.
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