Question: 25. In Exercise 7, Chapter 8, determine an estimate of p from the posterior dis tribution if the loss function is L (a, p) =

25. In Exercise 7, Chapter 8, determine an estimate of p from the posterior dis¬

tribution if the loss function is L

(a, p) = k(a — p)2.

How does this differ from the estimate obtained from the prior distribution using the same loss function? From the estimate obtained from the sample alone?

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