The number of plumbing gaskets that need changing every week in an apartment complex is assumed to
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The number of plumbing gaskets that need changing every week in an apartment complex is assumed to follow a Poisson process with rate \(\lambda\). You are estimating this need for an apartment complex with 70 flats, and have looked into the documentation for the last semester (26 weeks), and find registered 53 gasket changes. For your hypothesis test, use a neutral prior, and let hypothesis \(H_{1}\) for the rate be that \(\lambda>1.5\). Decide between \(H_{0}\) and \(H_{1}\) with significance \(\alpha=0.06\).
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The Bayesian Way Introductory Statistics For Economists And Engineers
ISBN: 9781119246879
1st Edition
Authors: Svein Olav Nyberg
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