book icon indicating copy to clipboard operation
book copied to clipboard

2.2.1 Inference on a Binomial Proportion - standard deviation issue

Open vkjet opened this issue 4 years ago • 0 comments

While explaining a Bayesian approach it says: "Before she saw the data, the Bayesian’s uncertainty expressed by her standard deviation was 0.71. After seeing the data, it was much reduced – her posterior standard deviation is just 0.13."

But, considering beta(1,1) before the data and beta(1,5) after the data, the standard deviation should be 0.289 and 0.141 respectively.

vkjet avatar Apr 23 '20 19:04 vkjet