In a group of students, there are 2 out of 18 that are left-handed. a. Assuming...

In a group of students, there are 2 out of 18 that are left-handed.

b. According to the literature, 5 to 20% of people are left-handed. Take this information into account in your prior probability and calculate a new posterior probability distribution. Summarize your results with an estimation of the mean, median, mode, and a 95% credible interval. Plot your posterior probability distribution.

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Solution. PART (A) Assuming a low-informative prior probability distribution, find the posterior distribution of left-handed students in the population. Summarize your results with an estimation of the mean, median, mode, and a 95% credible interval. Now PART(B). According to the literature, 5 to 20% of people are left-handed. Take this information into account in your prior probability and calculate a new posterior probability distribution. Summarize your results with an estimation of the mean, median, mode, and a 95% credible interval. I hope you understand, thank you

orchestra answered 1 year ago

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