Question: Suppose that the prior distribution of some parameter is a beta distribution for which the mean is 1/3 and the variance is 1/45. Determine
Suppose that the prior distribution of some parameter θ is a beta distribution for which the mean is 1/3 and the variance is 1/45. Determine the prior p.d.f. of θ.
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If and denote the parameters of the beta distribution then we must have 13 and ... View full answer
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