Question: 1.37 Consider the Bayesian equal-tail posterior interval for a binomial parameter , using a beta or logit-normal prior. When y = 0, explain why the

1.37 Consider the Bayesian equal-tail posterior interval for a binomial parameter π, using a beta or logit-normal prior. When y = 0, explain why the lower limit for a can never be 0, unlike the frequentist approach based on inverting a score or likelihood-ratio test.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Analytics Data Questions!