Question: Suppose XI , ,. . .&,, n = 50, are i.i.d. observations from R(0.7). You observe .t = 2. Suppose your prior distribution for H

Suppose XI , ,. . .&,, n = 50, are i.i.d. observations from R(0.7). You observe .t = 2. Suppose your prior distribution for H is vague. Use the Lindley hypothesis twting procedure to test HL, : 0 = 5 , versus HI : 8 f 5.

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