2 Suppose that you are about to analyze new data from an experiment, with particular interest in estimating a parameter S that varies by group. There is no published data to guide you in choosing a...


2<br>Suppose that you are about to analyze new data from an experiment, with particular interest in estimating a parameter S that varies by group.<br>There is no published data to guide you in choosing a prior distribution.<br>However, in the data that you are about to analyze, the observed values that correspond to the 3s in your data have a mean of about 10 and a standard deviation of about 0.9.<br>If you use a prior of a normal distribution with a mean of 1.0 and a standard deviation of 0.9. then you are using a method known as type your answer<br>

Extracted text: 2 Suppose that you are about to analyze new data from an experiment, with particular interest in estimating a parameter S that varies by group. There is no published data to guide you in choosing a prior distribution. However, in the data that you are about to analyze, the observed values that correspond to the 3s in your data have a mean of about 10 and a standard deviation of about 0.9. If you use a prior of a normal distribution with a mean of 1.0 and a standard deviation of 0.9. then you are using a method known as type your answer

Jun 02, 2022
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