Let X1,..., Xn be iid exponential (). (a) Find an unbiased estimator of based only on

Question:

Let X1,..., Xn be iid exponential (λ).
(a) Find an unbiased estimator of λ based only on Y = min{X1,..., Xn}.
(b) Find a better estimator than the one in part (a). Prove that it is better.
(c) The following data are high-stress failure times (in hours) of Kevlar/epoxy spherical vessels used in a sustained pressure environment on the space shuttle:
50.1, 70.1, 137.0, 166.9, 170.5, 152.8, 80.5, 123.5, 112.6, 148.5, 160.0, 125.4.
Failure times are often modeled with the exponential distribution. Estimate the mean failure time using the estimators from parts (a) and (b).
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Inference

ISBN: 978-0534243128

2nd edition

Authors: George Casella, Roger L. Berger

Question Posted: