Let x1 xn be iid binary random variables with pxi 1 p
Let X1, ..., Xn be i.i.d. binary random variables with P(Xi = 1) = p. Using the p.d.f. of the beta distribution B(a, b) as the prior p.d.f., construct a level 1 - α HPD credible set for p.
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consider the problem in example 617 discuss how to construct a confidence interval for theta with confidence
evaluation of alternativesthese solutions will hopefully extend the business to its customers and help avoid these
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