Question: In Exercise 2, suppose that you feel that the mean of your prior distribution is 1/2 and the variance of the distribution is 1/20. If

In Exercise 2, suppose that you feel that the mean of your prior distribution is 1/2 and the variance of the distribution is 1/20. If your prior distribution is a member of the beta family, find r' and N' and determine the posterior distribution following the sample of size 6.

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