Question: Let 1, ... , 10 are identically independently distributed (iid) with Exponential model with parameter ( ), 1. Compute the likelihood function (LF). 2. Adopt
Let 1, ... , 10 are identically independently distributed (iid) with Exponential model with parameter ( ),
1. Compute the likelihood function (LF).
2. Adopt the appropriate conjugate prior of the parameter (Hint: Choose hyperparameters optionally within the support of distribution).
3. Using (a) and (b), find the posterior distribution of .
4. Compute the minimum Bayesian risk estimator of
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