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The Posterior Distribution Of Left-Handed Students - R Studio Assignment Help
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Assignment Task:- Assuming a low-informative prior probability distribution, find the posterior distribution of left-handed students in the population. Summarize your results with an estimation of the mean, median, mode, and a 95% credible interval. Plot your posterior probability distribution.
- According to the literature, 5 to 20% of people are left-handed. Take this information into account in your prior probability and calculate a new posterior probability distribution. Summarize your results with an estimation of the mean, median, mode, and a 95% credible interval. Plot your posterior probability distribution.
- You’re an analyst in an investment bank. A client is thinking of investing in start-up professional services firm in Lincoln County. Your boss wants you to analyze the service sector based on the Lincoln County data below.
Is there evidence for net service firm growth during the study period? Present your results both qualitatively (i.e., with graphics) and quantitively. Your boss is a Bayesian. Thus, he’s interested in descriptions on entire distributions: mean, median, and 95% credible interval.
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