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1. Suppose that there is a Beta(2,2) prior distribution on the probability µ that a coin will yield a "head" when spun in a speci?ed manner. The coin is independently spun 10 times
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Q. CRSL has a large auditorium which can cater for 300 people and is ideal for formal balls and functions. The auditorium can also be reconfigured to cater for 100 people. The Sea
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03 (a) Explain the term capital rationing and suggest the criteria to be used in ranking projects under capital rationing. (05) (b) There are three projects X Y and Z having follow
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