Quiz Space

Statistics for Data Science II · End Term · 13 Apr 2025 · January 2025 term · Set QDF1

Question 6: Using the prior distribution and the observed data, compu…

Question 6

+1 markOne correct option

A software company is analyzing the bug reports for their newly developed application. Some bug reports identify a critical bug in the application. To estimate the probability p of a bug report identifying a critical bug, they collect a random sample of 200 bug reports, and find that 50 are classified as critical. The company adopts a Bayesian approach with a Beta distribution as the prior for p.
Based on the above data, answer the given subquestions.

Using the prior distribution and the observed data, compute the posterior distribution of p.

  1. A

    Beta(50.4, 154.6)

  2. B

    Beta(1.4, 5.6)

  3. C

    Beta(5.6, 1.4)

  4. D

    Beta(51.4, 155.6)

Show answer

Correct answer

  • D

    Beta(51.4, 155.6)

Question 6 of 17 in the IIT Madras BS Statistics for Data Science II (Stats 2) End Term paper sat on 13 Apr 2025, in the January 2025 term (IIT M FOUNDATION FN EXAM QDF1 13 Apr 2025). It carries 1 mark.

More questions from this paper

  1. Q1Figure question
  2. Q2Figure question
  3. Q3Figure question
  4. Q4Figure question
  5. Q5The company assumes a Beta(1.4, b) prior for p. Given that prior knowledge suggests the expected value of p is approxim…
  6. Q7Find the method of moments estimate of θ for the given sample.
  7. Q8The company has a policy requirement that the average waiting time must not exceed 3 minutes. Based on the estimated va…
  8. Q9Find the maximum likelihood estimate of λ for the given sample. Enter the answer correct to one decimal place.
  9. Q10Assume the prior distribution of λ to be Gamma(3, 2). Determine the posterior distribution of λ.
  10. Q11Based on the above data, answer the given subquestions.
  11. Q12Based on the above data, answer the given subquestions.
  12. Q13Based on the above data, answer the given subquestions.
  13. Q14Based on the above data, answer the given subquestions.
  14. Q15Based on the above data, answer the given subquestions.
  15. Q16Based on the above data, answer the given subquestions.
  16. Q17Based on the above data, answer the given subquestions.