Solved: If the average time required to serve a random sample of 20, Basic Statistics

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If the average time required to serve a random sample of 20

Suppose that the time in minutes required 10 serve a customer at a certain facility has an exponential distribution for which the value of the parameter () is unknown, and that the prior distribution of B is a gamma distribution for which the mean is 0.2 and the standard deviation is 1. If the average time required to serve a random sample of 20 customers is observed to be 3.8 minutes, what is the posterior distribution of 8?

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Basic Statistics: If the average time required to serve a random sample of 20

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