Sample size: (a) Given known (sigma=5), and prior hyperparameter (kappa_{0}=0), how many observations (n) do you have
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Sample size:
(a) Given known \(\sigma=5\), and prior hyperparameter \(\kappa_{0}=0\), how many observations \(n\) do you have to make to ensure \(I_{0.01}^{\mu}\) is narrower than 0.5 ?
(b) With known \(\sigma=0.42\), and prior hyperparameter \(\kappa_{0}=8\) how many observations \(n\) do you have to make to ensure \(I_{0.07}^{\mu}\) is narrower than 0.123 ?
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Related Book For
The Bayesian Way Introductory Statistics For Economists And Engineers
ISBN: 9781119246879
1st Edition
Authors: Svein Olav Nyberg
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