Mathematics, 13.12.2019 06:31 kaylarenee05080
12. suppose that the time in minutes required to serve a customer at a certain facility has an exponential distribution for which the value of the parameter θ is unknown and that the prior distribution of θ is a gamma distribution for which the mean is 0.2 and the standard deviation is 1. if the average time required to serve a random sample of 20 customers is observed to be 3.8 minutes, what is the posterior distribution of θ?
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12. suppose that the time in minutes required to serve a customer at a certain facility has an expon...
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