Question: 7. Suppose that the time to failure in Problem 3 is modeled by the lognormal distribution. Using MINITAB, find the least-squares and MLE estimates of

7. Suppose that the time to failure in Problem 3 is modeled by the lognormal distribution.

Using MINITAB, find the least-squares and MLE estimates of the mean and the standard deviation for both censored data and uncensored data.

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