Name: Bayesian Inference Lab
Author: MySimulator

Prior α (successes seen): 2 Prior β (failures seen): 2

True bias (unknown to the model): 0.70

Flips so far0

Posterior mean—

90% credible interval—

Beta(α,β) is the conjugate prior for a coin's bias. Each head adds 1 to α, each tail adds 1 to β — the posterior is always another Beta.