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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.
What are the characteristics of a good measure of central tendency
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told my friend I would help on a test, and now, think its beyond me LOL...want to save face, can you help me?
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APPROVING MANAGER An individual within an agency who is responsible for assigning buy card custodians and developing buy card limits within the organization.
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