vi= 1. Suppose X1, X2, ..., Xn form a random sample from a binomial b(1,6) distribution and 6 is given by a random varia
Posted: Wed May 11, 2022 2:39 pm
vi= 1. Suppose X1, X2, ..., Xn form a random sample from a binomial b(1,6) distribution and 6 is given by a random variable O with a beta(2, 3) distribution. Let Y = 21-1 X;. Suppose with n= 10, the observed value of Y is y= 7. a. Find the posterior probability density function of O. b. Find the Bayesian point estimate of 0 under the squared error loss function. Hint: You may wish to follow an example in the text.