The following failure time observations (1000s of hours) resulted from accelerated life testing of 16 integrated circuit

Question:

The following failure time observations (1000s of hours) resulted from accelerated life testing of 16 integrated circuit chips of a certain type:

Use the corresponding percentiles of the exponential distribution with Î» = 1 to construct a probability plot. Then explain why the plot assesses the plausibility of the sample having been generated from any exponential distribution.

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...