Question: Let X 1 , X 2 ?, X? 3 , and X 4 ? be a random sample drawn from an exponential distribution, Exponential( ).

Let X₁, X₂?, X?₃, and X₄? be a random sample drawn from an exponential distribution, Exponential( Let X1, X2?, X?3, and X4? be a random sample drawn from ). Suppose we observed (x₁, x₂, x₃, x₄). Find the likelihood function and an estimate for an exponential distribution, Exponential(). Suppose we observed (x1, x2, x3, x4). Find .

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3. Is there opportunity to improve current circumstances? How so?

2. How will you handle the situation?

2. Is the board members disclosure and abstention from a vote enough?