Applet Exercise Refer to Exercise 16.13. Select a value for the true value of the
Chapter 16, Problem 16.14(choose chapter or problem)
Applet Exercise Refer to Exercise 16.13. Select a value for the true value of the Bernoulli proportion p and values for the parameters of the conjugate beta prior. a Repeat Exercise 16.13(a)(h), using the values you selected. b Also click the button 50 Trials a few times. Observe the values of the successive posterior standard deviations and the lengths of the successive credible intervals. i What do you observe about the standard deviations of the successive posterior distributions? ii Based on your answer to part (i), what effect do you expect to observe about the lengths of successive credible intervals? iii Did the lengths of the successive credible intervals behave as you anticipated in part (ii)?
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