Let the unknown probability that a basketball player makes a shot successfully be θ. Suppose your prior on θ is uniform and that she makes two shots in a row. Assume that the outcomes of the two shots are independent. (a) What is the posterior density of θ? (b) What is the Bayes estimator under squared error loss for θ? (c) What is the Bayes estimator under absolute error loss for θ? (d) Consider the impact of

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.1: Measures Of Center
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Let the unknown probability that a basketball player makes a shot successfully be θ. Suppose your prior on θ is uniform and that she makes two shots in a row. Assume that the outcomes of the two shots are independent. (a) What is the posterior density of θ? (b) What is the Bayes estimator under squared error loss for θ? (c) What is the Bayes estimator under absolute error loss for θ? (d) Consider the impact of the prior choice θ ∼ Beta(1, 1). How would your answer in (b) change if you instead used Beta(0.1, 0.1)? Beta(10,10)?

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