Question: If I have a likelihood function based on the exponential distribution with parameter, why would a normal prior with mean prior andvery large variance be

If I have a likelihood function based on the exponential distribution with parameter, why would a normal prior with mean prior andvery large variance be inappropriate for?

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 Mathematics Questions!

please help me solve this clearly. (i) Explain what a conjugate prior distribution is. (ii) The random variables X1: X2, ..., X, are independent and have density function fri = lexx (r>0) Show that...

LAB ACTIVITY #3 For each part of this lab, SUBMIT your solution to everything asked in BOLD RED in Problems 1-6 below. Include the respective R code and output. Part 1 (Continuous Distributions in R)...

file: simulate_python2.py from mpl_toolkits.mplot3d import Axes3D import matplotlib.pyplot as plt import numpy as np import random import sys def plot_gaussian(x,y,z,filename=None): """ Plot the...

MUST BE CORRECT ANSWERS A small software company has the following simplified cashflow, funded by shareholders' equity of 20,000 and a bank overdraft of 5000: Invoiced money received 2 months after...

PPlease address the following questions keenly. Thank you Let the random variables (X, Y) have the joint probability density function fx,y(x, y) = exp(-(x+y)}, x>0.y>0. Derive the marginal...

Task Three: Financial Management Exercise (50 marks) - Individual Students are required to monitor a budget that you set for yourself and track your spending over a period of four (4) weeks. The...

You observe yt = xt + t = 12 where xt follows a stationary AR(1) process with AR parameter and innovation variance v, i.e., xt = xt 1 + t with independent innovations t N(0v) Assume all parameters (...

H OMEWORK 1 Homework 1 is due by Wednesday September 21st at 5:00 pm. In this HW we study some methods used to answer the following question: How can we generate n random samples from some...

Marginal costs are the costs incurred for one additional unit of good produced, in this case one additional class attended. Marginal benefits on the other hand are the additional benefits of...

The Geometric Probability Distribution 8; Weak Law of Large Numbers A random variable with the geometric probability distribution is associated with an experiment that shares some of the...

Maria and Magda are partners in a firm sharing profit and loss in the ratio of 3:2. They admit Leena as a new partner for 1/10 share of profit which is given by Maria and Magda equally, afterwards...

If f(z) = x2 +2x+5 y+ i(y -5x +6), %3D which of the following is true 1) f'(2+4) = 6 - 51 2) f'(1+27) = 4 5 i %3D 3) f'(5+4i) = 12 + 87 4) f'(-2+3 ) = -2 + 6 i

Another name for markup pricing is target - return pricing. True False

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.