Suppose that a random sample of 100 observations is to be taken from a normal distribution for

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Suppose that a random sample of 100 observations is to be taken from a normal distribution for which the value of the mean θ is unknown and the standard deviation is 2, and the prior distribution of θ is a normal distribution. Show that no matter how large the standard deviation of the prior distribution is, the standard deviation of the posterior distribution will be less than 1/5.
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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