Question: 1.15 You plan to use Bayesian methods to estimate binomial parameters in two cases, using n observations. In case (1) you want to estimate the
1.15 You plan to use Bayesian methods to estimate binomial parameters in two cases, using n observations. In case (1) you want to estimate the probability that a new treatment for skin cancer is effective. In case (2) you want to estimate the probability of a head when you repeatedly flip a particular coin. Select prior distributions that you think would be sensible for each case. If they differ, explain why.
Theory and Methods
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