The Bayesian One Sample Inference: Binomial Model

The Bayesian One Sample Inference: Binomial procedure provides options for executing Bayesian one-sample inference on Binomial distribution. The parameter of interest is π, which denotes the probability of success in a fixed number of trials that may lead to either success or failure. Note that each trial is independent of each other, and the probability π remains the same in each trial. A binomial random variable can be seen as the sum of a fixed number of independent Bernoulli trials.

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