# Use the data in Table 11.6 on page 707. Assume that we wish to fit a simple

## Question:

a. Find the posterior distribution of the slope parameter β1.

b. Find the posterior probability that β1 ≤ 2.

c. Find a 95 percent prediction interval for the 1980 price of a species that cost 21.4 in 1970. 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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**Related Book For**

## Probability And Statistics

**ISBN:** 9780321500465

4th Edition

**Authors:** Morris H. DeGroot, Mark J. Schervish