Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In the situation of problem 15-1, suppose that a second random sample of cardholders was selected, and 7 out of the 17 people in the sample were found to pay their bills on time. Construct the new posterior distribution containing information from the prior distribution and both samplings. Again, give a credible set of highest posterior probability close to 95%, and plot the posterior distribution.
Problem 15-1
Bank of America recently launched a special credit card designed to reward people who pay their bills on time by allowing them to pay a lower-than-usual interest rate. Some research went into designing the new program. The director of the bank's regular credit card systems was consulted, and she gave her prior probability distribution of the proportion of cardholders who would qualify for the new program. Then a random sample of 20 cardholders was selected and tracked over several months. It was found that 6 of them paid all their credit card bills on time. Using this information and the information in the following table-the director's prior distribution of the proportion of all cardholders who pay their bills on time-construct the posterior probability distribution for this parameter. Also give a credible set of highest posterior probability close to 95% for the parameter in question. Plot both the prior and the posterior distributions of the parameter.
A 12-inch cast iron water pipe that has been in service for 50 years is found to have extensive corrosion inside. How these conditions would affect friction losses in the pipe describe it.
A motor run by a 7.1 Volt battery has a 16-turn square coil with sides of length 5.8 centimeter and total resistance 20 ohm. Obtain the maximum torque on the motor
A microwave radio transmitter emits electromagnetic waves of a single wavelength. What is the power of the transmitter
What is relation between linear charge density and volume charge density of infinite cylinder?
1. a car is driving along a straight section of highway between oklahoma city and tulsa. at one point in time the car
A system has a heat source supplying heat at a rate of 187 W and is doing work at a rate of 130.899998 W. At what rate is the internal energy of the system changing.
How much time will a batter have to decide to swing at a 90 mph pitch released 56 ft from the plate if it takes him 0.3 seconds to actually swing the bat?
Consider a pure, crystalline solid being heated from absolute zero to some very high temperature. Which one of the following processes produces the greatest increase in the entropy of the substance?
A 1000-kilogram race car is traveling at 60 m/s around a curved section of track that has a radius of 300 m. What is the centripetal force that acts on the car
Light travels with a constant speed, c = 2.998 x 108 m/s. When can the light signal be detected someone on Sun? Distance between Earth and Sun is 1.496 x 1011 m.
A boat capable of making 6.0 km/h in still water is utilized to cross a river flowing at speed of 4.0 km/h. The boat is directed (from the perpendicular to the shore) in such a way that its resulting motion is straight across the river.
What is the smallest number of whole bricks (including the one on the ground) that can be stacked so that their weight creates a pressure of at least two atmospheres on the ground beneath the first block? (Hint: First decide which face of the bric..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd