An engineer is creating a project scheduling program and recognizes that the tasks making up the project
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An engineer is creating a project scheduling program and recognizes that the tasks making up the project are not always completed on time. However, the completion proportion tends to be fairly high. To reflect this condition, he uses the pdf
fY(y; θ) = θ yθ−1, 0 ≤ y ≤ 1, and 0 < θ
where y is the proportion of the task completed. Suppose that in his previous project, the proportions of tasks completed were 0.77, 0.82, 0.92, 0.94, and 0.98. Estimate θ.
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Related Book For
Introduction To Mathematical Statistics And Its Applications
ISBN: 9780321693945
5th Edition
Authors: Richard J. Larsen, Morris L. Marx
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