Suppose that you have 15 observations on the number of hours to failure of a unit. The

Question:

Suppose that you have 15 observations on the number of hours to failure of a unit. The observations are 259, 53, 536, 1320, 341, 667, 538, 1713, 428, 152, 29, 445, 677, 637, 696, 540, 1392, 192, 1871, and 2469. Is the exponential a reasonable choice for the time to failure Estimate the MTTF.
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...