Let Y have a binomial distribution in which n 20 and p The prior probabilities on are P( 0 3) 2 3 and P( 0 5) 1 3 If y 9, what are the posterior probabilities for 0 3 and 0 5

Question: Let Y have a binomial distribution in which n = 20 and p = . The prior probabilities on are P( = 0.3) =

Let Y have a binomial distribution in which n = 20 and p = θ. The prior probabilities on θ are P(θ = 0.3) = 2/3 and P(θ = 0.5) = 1/3. If y = 9, what are the posterior probabilities for θ = 0.3 and θ = 0.5?

Step by Step Solution

★★★★★

3.44 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The pvalue for 03 is 420 If Y has a binomial distribution with n20 and p23 then ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Statistical Techniques in Business Questions!

Let X have a binomial distribution with parameters n = 25 and p. Calculate each of the following probabilities using the normal approximation (with the continuity correction) for the cases p = .5,...

Let Y have a chi-square distribution with 15 degrees of freedom. Find the following probabilities. (a) P (Y y0) = 0.025 (b) P (a

Let Y have a chi-square distribution with 7 degrees of freedom. Find the following probabilities. (a) P (Y > y0) = 0.025 (b) P (a 1.239).

1. Suppose you have a binomial distribution exercise with n = 20 and p = 0.5 , you want to know what is the probability of obtaining ten successes. Using the normal approximation to the binomial, the...

Let x be a Poisson random variable with y = 6.5. Find the probabilities forx using Table 2. [Round your answers to three decimal places.) An outbreak of E. coriintecb'ons in July of 2017 occurred in...

1. Let X be a discrete random variable that may assume values x = 0; 1; 2 respectively with probabilities p1; 0:5; p2. Which values of p1 and p2 define a probability distribution? A p1 = 0.5 and p2 =...

2 Step-by-Step please This is a past assignment and I will have a 2016 Assignment following soon. Need within 15 days. 1) According to the record of the registrar's office at a state university, 35%...

This is assignment is worth 20 points. Please make sure you have answered all questions in this part prior to submitting. Once answers are submitted, you will not be able to return to this section....

1of 50 When conducting research, descriptive statistics are completed before inferential statistics. True False Question 2of 50 If you are doing a study on the amount of money students have in debt...

MEMORIAL UNIVERSITY OF NEWFOUNDLAND DEPARTMENT OF MATHEMATICS AND STATISTICS Midterm Examination Statistics 2500 - 001 Name: Winter 2003 Student No: Set by Dr. H. Wang OFFICE USE ONLY Mark:...

What is the market value of Dearborn's equity as a stand-alone company? What are the synergies valued at, assuming that Brock acquires Dearborn? If Brock has 10 million shares out- standing at a...

Linearly polarized light beam arrives perpendicular to the side of the rhombus-shaped glass block with a refractive index of n = 1.5, the electric field strength vector of which is included in the...

the steps involved in accounting for all of the business activities during an accounting period

What level of moral development do you believe is exhibited by Adam Neumann?

Years of experience buying and selling commercial real estate have convinced many investors that the value of land zoned for business (y) is inversely related to its distance (x) from the center of...

Verify the claims made in parts (d), (e), and (f) of Table 11.2.10that is, prove that the transformations cited will linearize the original models.

As water temperature increases, sodium nitrate (NaNO 3 ) becomes more soluble. The following table (103) gives the number of parts of sodium nitrate that dissolve in one hundred parts of water....

The following information is available for stocks in four companies as given below: (Per No. of Shares Closing Share) DAY Company Outstanding Price DAYT T+1 Fortis 8000 70 75 CIBC 6000 55 50 JFK 1000...

Explain the relationship between Bonds and Mutual/investment funds

Calculate the gross and operating margins for Kiwi Fruit. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Calculate the gross and operating...