Question: In Exercise 24, it would be more realistic to consider hypotheses such as the following: Ho'-p < .15 H1:p> .15. If the prior distribution is
In Exercise 24, it would be more realistic to consider hypotheses such as the following:
Ho'-p < .15 H1:p> .15.
If the prior distribution is a beta distribution with r' = 1 and N' = 9, find the posterior distribution. How could you use the posterior distribution to find the posterior odds ratio of Ho to Hi?
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