## Error in Section 10.1.3

On page 346, 6th line of section 10.1.3 – “consumer desires a maximum probability” should be “consumer desires a minimum probability” 7th line (right below) – “producer desires a maximum probability” should be “producer desires a minimum probability”

## Example 6.3, p. 174

At the bottom of the page, the equation should have phi/eta as the first term instead of just phi.

## Chapter 6, p. 182

Formula on p. 182, 8 lines from the top should not have 1 – . This may also impact Example 6.5.

## Chapter 10 Formula, p. 350

The left hand side of the first equation on p. 350 should start as P[pi >= pi_0].

## Example 2.4

On p. 38, the marginal probability of observing 3 successes in 11 launches under M2 is incorrect. You can see the correct computation here, with result 0.08528986. This result should be carried through subsequent computations.

## Equation 3.6

The brackets in the numerator are incorrect. Using LaTeX notation, change to [m_k(\tilde{theta}) – np_k]^2.

## Exercise 3.6

Part (b), Replace: “Report how changes in the values assumed for K and alpha” with “Report how changes in the values assumed for lambda and alpha”