Tag: Natural Resource Mathematics
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Compute the posterior distribution of θ given your data n1, n2. Assume a Beta distributed prior for θ, with parameters α and β. That is assume the prior, p(θ) = θα−1(1 −θ)β−1 B(α,β) . (5)
MATH3070: Natural Resource Mathematics ASSIGNMENT 4 – SEMESTER 2, 2021 Attempt all questions. This assignment is due on September X, 4:00pm. Make sure that you show clearly the reasoning you use to solve the problems. It is also advisable to keep a photocopy of the assignment you hand in. You are free to use any…