The number of minutes between successive bus arrivals at NewYork's bus stop is exponentially distributed with...

The number of minutes between successive bus arrivals at NewYork's bus stop is exponentially distributed with unknown parameter lambda. John's prior information regarding lambda (real valued, i.e., a continuous random variable) can be summarized as a continuous uniform PDF in the range from 0 to 0.85. john has recorded his bus waiting times for three days. These are 13, 19, and 26 minutes. Assume that John's bus waiting times in different days are independent. Compute the MAP (maximum a posteriori probability) rule based estimate for lambda given the data collected by John.

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orchestra answered 1 year ago

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