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Q146Section III (Statistics)146 of 190

The Beta family is conjugate for Bernoulli — but the printed option has a typo

Let X1,X2,…,XnX_1,X_2,\dots,X_n be iid Bernoulli(θ\theta) random variables. We wish to follow the Bayes procedure for estimation of θ\theta. Then, a conjugate prior for θ\theta:

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