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Exact count of the next orders

ProbabilityMedium

A fill rate starts from a uniform prior, and of orders fill. What is the posterior predictive chance that exactly of the next orders fill? Give a fraction.

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A whole number, a decimal, a fraction like 3/8 or a percent.

Hint

Find the posterior, then multiply the chances along one order of outcomes and count the orders.

Solution
  1. The posterior is .
  2. A particular order, fill, fill, miss, has chance .
  3. Every arrangement has the same chance, and there are of them.
  4. The answer is .

Answer: