Question: Let be a continuous random variable that represents the unknown bias (i.e., the probability of Heads) of a coin. a) The prior PDF f for
Let be a continuous random variable that represents the unknown bias (i.e., the probability of Heads) of a coin.
a) The prior PDFf
for the bias of a coin is of the form
f()=a9(1),for[0,1],
wherea is a normalizing constant. This indicates a prior belief that the bias of the coin is : select :high??? Low???
b) We flip the coin 10 times independently and observe 1 Heads and 9 Tails. The posterior PDF of
will be of the formcm(1)n, wherec is a normalizing constant and where
M= ????
N= ????
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