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(Created page with "<div class="d-none"><math> \newcommand{\NA}{{\rm NA}} \newcommand{\mat}[1]{{\bf#1}} \newcommand{\exref}[1]{\ref{##1}} \newcommand{\secstoprocess}{\all} \newcommand{\NA}{{\rm NA}} \newcommand{\mathds}{\mathbb}</math></div> Previous experience with a drug suggests that the probability <math>p</math> that the drug is effective is a random quantity having a beta density with parameters <math>\alpha = 2</math> and <math>\beta = 3</math>. The drug is used on ten subject...")
 
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<div class="d-none"><math>
Previous experience with a drug suggests that the probability <math>p</math> that the drug is effective is a random quantity having a beta density with
\newcommand{\NA}{{\rm NA}}
\newcommand{\mat}[1]{{\bf#1}}
\newcommand{\exref}[1]{\ref{##1}}
\newcommand{\secstoprocess}{\all}
\newcommand{\NA}{{\rm NA}}
\newcommand{\mathds}{\mathbb}</math></div> Previous experience with a drug suggests that the probability <math>p</math> that
the drug is effective is a random quantity having a beta density with
parameters <math>\alpha = 2</math> and <math>\beta = 3</math>.  The drug is used on ten subjects and
parameters <math>\alpha = 2</math> and <math>\beta = 3</math>.  The drug is used on ten subjects and
found to be successful in four out of the ten patients.  What density should we
found to be successful in four out of the ten patients.  What density should we now assign to the probability <math>p</math>?  What is the probability that the drug will be successful the next time it is used?
now assign to the probability <math>p</math>?  What is the probability that the drug will
be successful the next time it is used?

Latest revision as of 23:43, 13 June 2024

Previous experience with a drug suggests that the probability [math]p[/math] that the drug is effective is a random quantity having a beta density with parameters [math]\alpha = 2[/math] and [math]\beta = 3[/math]. The drug is used on ten subjects and found to be successful in four out of the ten patients. What density should we now assign to the probability [math]p[/math]? What is the probability that the drug will be successful the next time it is used?