Question: We will use the Minitab macro BinoGCP.mac or the equivalent R function to find the posterior distribution of the binomial probability when the observation
We will use the Minitab macro BinoGCP.mac or the equivalent R function to find the posterior distribution of the binomial probability π when the observation distribution of Y |π is binomial (n, π) and we have a general continuous prior for π. Suppose the prior has the shape given by g(π) =
π for π ≤ .2
.2 for .2 <π<.3
.5 − π for .3 < π ≤ .5 0 for .5 < π
.
Store the values of π and prior g(π)in columns c1 and c2, respectively. Suppose out of n = 20 independent trials, y = 7 successes were observed.
(a) Use BinoGCP.mac or the equivalent R function to determine the posterior distribution g(π|y). Details for invoking BinoGCP.mac and the equivalent R function are in Appendix 3 and Appendix 4, respectively.
(b) Use tintegral.mac ind the posterior mean and posterior standard deviation of π. Details for invoking tintegral.mac and the equivalent R function are in Appendix 3 and Appendix 4, respectively.
(c) Find a 95% credible interval for π by using tintegral.mac or the equivalent R function.
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