Question: This question is related to Bayesian method and their application. 3. Imagine that you have a friend in another university that has only studied fre-

This question is related to Bayesian method and their application.

3. Imagine that you have a friend in another university that has only studied fre- quentist statistics. Write a letter summarising the advantages and disadvantages of Bayesian statistics and discuss some of the drawbacks of frequentist statistics. (10 Marks)

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