Summary Statistics of Three Beta Distributions Characterizing Performance Histories of Three Processes
Process | Prior Distribution | Mean | SD | Mean ± SD |
---|---|---|---|---|
1 | B (1.5, 25) | 5.66% | 4.40% | 1.25–10.1% |
2 | B (25, 1.5) | 94.3% | 4.40% | 89.9–98.7% |
3 | B (1, 1) | 50.0% | 28.9% | 21.1–78.9% |