Question: Assume that X1, X2,... is a sequential sample from a N(0,1) density, and that it is desired to test Ho: 0 = 0 versus H:

Assume that X1, X2,... is a sequential sample from a N(0,1) density, and that it is desired to test Ho: 0 = 0 versus H₁: 0 = 1. The loss in incorrectly deciding Ho is 30, in incorrectly deciding H is 15, and is 0 otherwise. The cost of each observation is c = 0.001, and the prior probability that e equals 0 is. Find the Bayes sequential procedure. (You may use the small c approximations to the stopping boundaries, given in (7.84).)

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