Let X1, X2, ..., X10 be a random sample from a gamma distribution with a = 3 and B = 1/0. Suppose we believe that e follows a gamma-distribution with a = 3 and B = 2: What is the Bayes point estimate using the mode of the posterior distribution?

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Let X1, X2, ..., X10 be a random sample from a gamma distribution with a = 3 and B = 1/0. Suppose we believe
that e follows a gamma-distribution with a = 3 and B = 2:
What is the Bayes point estimate using the mode of the posterior distribution?
Transcribed Image Text:Let X1, X2, ..., X10 be a random sample from a gamma distribution with a = 3 and B = 1/0. Suppose we believe that e follows a gamma-distribution with a = 3 and B = 2: What is the Bayes point estimate using the mode of the posterior distribution?
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