Assume that X1.. X2, is a sequential sample from a j( 9, 1) density, and that it is desired to test Ho: 8 = 0 versus HI: 8 = 1. The loss in incorrectly deciding Ho is 30, in incorrectly deciding H) is IS, and is 0 otherwise. The cost of each observation is c = 0.001, and the prior probability that 9 equals 0 is j. Find the Bayes sequential procedure. (You may use the small c approximations to the stopping boundaries, given in (7.84).)
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here