Quant Memo
Statistics/●●●●●

The most likely rate: a Beta posterior mode

You estimate a success probability pp with a Beta(2,3)\text{Beta}(2, 3) prior, then observe 10 successes in 14 trials. Instead of the posterior average, you want the single most probable value of pp under the posterior, called the mode or MAP (maximum a posteriori) estimate.

What is the posterior mode of pp?

Your answer

More Statistics questions