Tagged Questions
3
votes
2answers
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Update rule for beta distribution with fixed K/confidence/sample size
Normally you have a beta distribution with shape parameters $a$ and $b$.
The mean of this distribution is $a / (a + b)$ and the sample size, or the confidence (or K) is $a + b$.
Now, if you do some ...
8
votes
4answers
2k views
Relationship between Binomial and Beta distributions
I'm more of a programmer than a statistician, so I hope this question isn't too naive.
It happens in sampling program executions at random times. If I take N=10 random-time samples of the program's ...
