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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, and "heads" appears 3 times.
(a) Calculate the posterior mean
(b) Calculate the posterior variance
(c) Calculate the posterior probability that .45 Ç µ Ç .55.
). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1
will the ogive curve eventually decrease?
Definition of budget control as management of costs & expenses with examples. Budget control is the management of costs & expenses in accordance with an underlying budget.
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discuss the considerations to be born in mind when constracting index numbers
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1. Generate a large dataset ( at least 1000 observations) µ with a known mean, µ between 20 and 40 and variance s = 9 using rnorm(). identify it as D. Use the functions mean() and
Analyze the given data using chi-square test and see if it fits the expected 9:3:3:1 F 2 phenotypic ratio. Ho: Null hypothesis: The F 2 phenotypic ratio follows the
Distinguish between primary and secondary data. What are the methods of collecting primary data?
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