Determining the binary random variables

Reference no: EM131852102

Let X₁, ..., X_n be i.i.d. binary random variables with P(X_i = 1) = p. Using the p.d.f. of the beta distribution B(a, b) as the prior p.d.f., construct a level 1 - α HPD credible set for p.

Reference no: EM131852102

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