What is the probability that the drug will be successful

Assignment Help Basic Statistics

Reference no: EM13970153

Previous experience with a drug suggests that the probability p that the drug is effective is a random quantity having a beta density with parameters α = 2 and β = 3. The drug is used on ten subjects and found to be successful in four out of the ten patients. What density should we now assign to the probability p? What is the probability that the drug will be successful the next time it is used?

Reference no: EM13970153

Questions Cloud

Discuss the factors that affect responsiveness : List at least three ways leaders can work with people who are less argumentative and people who are highly argumentative to enhance work communication.

Write a program to simulate strategy : Write a program to simulate strategy. Have your program choose the initial payoff probabilities at random from the unit interval [0, 1], make 20 plays, and keep track of the number of wins. Repeat this experiment 1000 times and obtain the average ..

Compute the average winning per 20 plays : Write a program to allow you to compare the strategies play-the-winner and play-the-best-machine for the two-armed bandit problem

Identify the range of healthcare facilities that exist in us : The healthcare system and the public health system mutually co-exist. They work in tandem to identify health threats, treat these health occurances, and to educate individuals on how to remain healthy. Identify the range of healthcare facilities th..

What is the probability that the drug will be successful : The drug is used on ten subjects and found to be successful in four out of the ten patients. What density should we now assign to the probability p? What is the probability that the drug will be successful the next time it is used?

Can medical research on animals be justified : If you are against the research would your opinion change if you knew the animals were treated with care while they were used for experiments? If you are pro-animal research does how they are treated matter to you?

Write an essay about the intro about the humanist : Write an essay about The intro about the humanist. The essay is about 3 parghraps ecah phargragh about different story the stories are: The first story is: Guy de Maupassant (moonlight).

Write a program which simulates both cases : Write a program which simulates both cases for a run of 1000 trials, prints out the proportion of successes for each run, and repeats this process ten times.

What are the consequences of inflection point or conflict : What are the consequences of the inflection point or conflict? How are the characters or setting affected? Choose a technology you are worried or excited about. What happens in the story that causes that same concern or excitement

User Account

All Pages