Suppose that a machine produces parts that are defective with probability P, but P is unknown. Suppose

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Suppose that a machine produces parts that are defective with probability P, but P is unknown. Suppose that P has a continuous distribution with p.d.f.
Suppose that a machine produces parts that are defective with

Conditional on P = p, assume that all parts are independent of each other. Let X be the number of nondefective parts observed until the first defective part. If we observe X = 12, compute the conditional p.d.f. of P given X = 12.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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