Explanation:The CLT applies in an endless variety of settings. 8. The beta distribution is the default prior for parameters between :
A. 0 and 10
B. 1 and 2
C. 0 and 1
D. None of the Mentioned
Answer:A
Explanation:The CLT applies in an endless variety of settings. 8. The beta distribution is the default prior for parameters between :
A. 0 and 10 B. 1 and 2 C. 0 and 1 D. None of the Mentioned
Explanation:Bayesian statistics posits a prior on the parameter of interest. 9. Which of the following mean is a mixture of the MLE and the prior mean ?