Question 1: Data For the geometric model of exercise sheet 5, question 2, suppose that for a prior distribution, we assign a Beta(a, 3) distribution. We take a = 1 and choose ß so that the prior probability P(q≤ 0.4) is 0.9. (a) Find the value of 3 that satisfies this requirement. (b) Use R to simulate a large sample from this beta distribution, and so check your calculation.
Question 1: Data For the geometric model of exercise sheet 5, question 2, suppose that for a prior distribution, we assign a Beta(a, 3) distribution. We take a = 1 and choose ß so that the prior probability P(q≤ 0.4) is 0.9. (a) Find the value of 3 that satisfies this requirement. (b) Use R to simulate a large sample from this beta distribution, and so check your calculation.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 1E
Related questions
Question
please answer asap using r code and showing the method. you need to refer to the bottom question and the dataset on the side but no need to answer question 2, just question 1a and 1b. thanks!
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 14 images
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,