At time t = 0, 20 identical components are tested. The lifetime distribution of each is exponential

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At time t = 0, 20 identical components are tested. The lifetime distribution of each is exponential with parameter λ. The experimenter then leaves the test facility unmonitored. On his return 24 hours later, the experimenter immediately terminates the test after noticing that y = 15 of the 20 components are still in operation (so = have failed). Derive the mle of λ.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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