a.) How do you define the maximum credibility of the parameter theta estimate if the credibility function corresponding to data y is L(theta ; y)? How is the definition explained verbally aswell? b.) If the statistical model is a Binomial model (repeated test model) and the parameter is the probability of success of a single repetition and is done n = 700 times (repetitions=n) and of these there are k = 11 successes, so what is the maximum-credibility estimate of the success probability theta in this model?

a.) How do you define the maximum credibility of the parameter theta estimate if the credibility function corresponding to data y is L(theta ; y)? How is the definition explained verbally aswell? b.) If the statistical model is a Binomial model (repeated test model) and the parameter is the probability of success of a single repetition and is done n = 700 times (repetitions=n) and of these there are k = 11 successes, so what is the maximum-credibility estimate of the success probability theta in this model?

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.8: Probability

Problem 6E

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