Statement of a problem № m40138


A manufacturer believes that an unknown proportion P of parts produced will be defective. She models P as having a beta distribution. The manufacturer thinks that P should be around 0.05, but if the first 10 observed products were all defective, the mean of P would rise from 0.05 to 0.9. Find the beta distribution that has these properties.

New search. (Also 1294 free access solutions)

Online calculators