Let the proportion of Lebanese people who like pickles in their burgers be Beta with parameters...

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Let the proportion of Lebanese people who like pickles in their burgers be Beta with parameters r' = 1 and n' = 2. If y is the true proportion of such people and x is your estimate, assume that your loss is given by the following: L(x,y) = 2(x-y) if y < x, (y-x) otherwise Suppose that you have the option before estimating x of sampling 1 person. What is the expected value of sample information? Let the proportion of Lebanese people who like pickles in their burgers be Beta with parameters r' = 1 and n' = 2. If y is the true proportion of such people and x is your estimate, assume that your loss is given by the following: L(x,y) = 2(x-y) if y < x, (y-x) otherwise Suppose that you have the option before estimating x of sampling 1 person. What is the expected value of sample information?

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