Question: The waiting time for a bus at a given corner at a certain time of day is known to have a U(0, 0) distribution. It
The waiting time for a bus at a given corner at a certain time of day is known to have a U(0, 0) distribution. It is desired to test H: 0≤ 0 ≤ 15 versus H: 0> 15. From other similar routes, it is known that has a Pa(5, 3) distribution.
If waiting times of 10, 3, 2, 5, and 14 are observed at the given corner, calculate the posterior probability of each hypothesis, the posterior odds ratio, and the Bayes factor.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
