Exercise

Exercise 10- Constructing a Credible Interval

Using the fact that the posterior distribution is normal, create an interval that has a 95% of occurring centered at the posterior expected value. Note that we call these credible intervals.

Instructions

100 XP

Calculate the 95% credible intervals using the qnorm function.
Save the lower and upper confidence intervals as an object called ci. Save the lower confidence interval first.

Take Hint (-30 XP)