Let X1, , Xn be a random sample from an exponential distribution with pdf f(x) (1 )ex , 0, x 0 Construct a 95 confidence interval for and interpret

Question: Let X1, . . ., Xn be a random sample from an exponential distribution with pdf f(x) = (1/)ex/, > 0, x > 0.

Let X1, . . ., Xn be a random sample from an exponential with pdf f(x) = (1/θ)e–x/θ, θ > 0, x > 0. Construct a 95% confidence interval for θ and interpret.

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