Pick the prior that best captures the information
The new information you got from the social media company was:
Most ads get clicked on 5% of the time, but for some ads it is as low as 2% and for others as high as 8%.
There are many different probability distributions that one can argue captures this information.
- Out of the four Beta distribution shown below, which captures this information the best?

Questo esercizio fa parte del corso
Fundamentals of Bayesian Data Analysis in R
Esercizio pratico interattivo
Passa dalla teoria alla pratica con uno dei nostri esercizi interattivi
Inizia esercizio