Question: 6 Suppose that (x1,...,xn) is a sample from a Poisson () distribution with > 0 unknown. If we use the prior distribution for given by
6 Suppose that (x1,...,xn) is a sample from a Poisson () distribution with > 0 unknown. If we use the prior distribution for given by the Gamma (, ) distribution, then determine the posterior distribution of . 1. Suppose you toss a coin and put a Uniform[0.4, 0.6] prior on , the probability of getting a head on a single toss. (a) If you toss a coin n times and obtain n heads, then determine the posterior density of . (b) Suppose the true value of is, in fact, 0.99. Will the posterior distribution of ever put any probability mass around = 0.99 for any sample of n? (c) What do you conclude from part (b) about how you should choose a prior? 2. Under the set-up of Example 6 i.e. Bernoulli random variables withBeta prior, derive the posterior mean of m where m > 0. 3. Under the set-up of Example 6 i.e. Normal random variables withNormal prior, determine the posterior distribution of the third quantile = + 0z0.25. Determine the posterior mode and posterior expectation of
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