Question: 7.19 Shown below are the posterior means and standard deviations (SD) under independent U(0, 1) priors, for survival probabilities of four models fitted to the

7.19 Shown below are the posterior means and standard deviations (SD)

under independent U(0, 1) priors, for survival probabilities of four models fitted to the teal data set of Exercise 7.5, from a sample of 10,000 observations from the posterior distribution, together with the Bayesian p-values and posterior model probabilities P(M|x) associated with each model. Why do we refer to standard deviations, rather than standard errors? Compare and contrast the p-values and the values of P(M|x). What is notable about the means and standard deviations for φ12?

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