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The answers to multiple choice questions from a 2005 final exam in probability and statistics. It includes the correct answers for each question and references to specific pages in the notes for further clarification. The document also introduces the concept of i.i.d. Beta random variables in the context of a manufacturing plant producing parts with varying proportions of defective items.
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Answers to 2005 Final Exam
Answers to multiple choice questions: (c), (a), (d), (c), (a), (c), (b), (b), (b), (d).
P (M 1 |y) =
m 1 (y) m(y)
where m(y) =
m 1 (y) +
m 2 (y) +
m 3 (y)
and mi(y) =
Θ
fi(y|θ)πi(θ) dθ, i = 1, 2 , 3.