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There are two types of baskets, red roses or white roses, at a flowershop. A store...

There are two types of baskets, red roses or white roses, at a flowershop. A store owner believes that 60% of customers like to buy red roses basket and 40% of customers like to buy white roses basket for Valentines’ day. Yesterday, we did market research and found out that 8 people out of 10 people prefer red roses for Valentines’ gift. What is the posterior probabilities after the survey? What is the Bayesian Estimator of p (probability of choosing red roses basket)?

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