Question: 4.8 Example 4.2 concerned quality control in manufacturing. Suppose instead of the sample selected in that example, the RAMM Company had actually selected a sample
4.8 Example 4.2 concerned quality control in manufacturing. Suppose instead of the sample selected in that example, the RAMM Company had actually selected a sample for testing with n = 100, and that five defectives were found in the sample. Calculate your posterior distribution for assuming the same beta prior probability adopted in that example in Case 2.
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