Suppose that 10 products were inspected for the purpose of quality control and none of them were
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Question:
Suppose that 10 products were inspected for the purpose of quality control and none of them were rejected. Answer the following.
1. Find the posterior mean of the probability of rejecting a product (θ). Assume a U(0,1) prior distribution for θ.
2. Find an explicit expression for the (1 −α) equitable credible interval for θ.
3. Find an explicit expression for the (1 −α) HPD credible interval for θ.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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