Question: Suppose that a random sample of four observations is to be drawn from the uniform distribution on the interval [0, ], and that the prior
Suppose that a random sample of four observations is to be drawn from the uniform distribution on the interval [0, θ], and that the prior distribution of θ has the following p.d.f.:
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Suppose that the values of the observations in the sample are found to be 0.6, 0.4, 0.8, and 0.9. Determine the Bayes estimate of θ with respect to the squared error loss function.
for > otherwise. 0
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The prior distribution of is the Pareto distribution with parameters x 0 1 and 1 Therefore ... View full answer
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