This example illustrates how to find the Bayes estimator, under squared error loss function, of the rate of a Poisson distribution if the prior distribution on the rate is a gamma distribution.
An example to illustrate how to find the joint probability density function of a random sample from a gamma distribution using the result that the gamma family of distributions is an exponential…
The gamma family of distributions is a very special family that has many distributions as a specific case. In this lesson, we begin with the gamma function. We then introduce the gamma…