describe exponential distribution parameters
Presume that the mean parameter θ for the RV L is unknown. To approximation it a random sample of n = 10 light bulbs is selected and the lifetime of each light bulb is measured. Let X denote the number of those 10 sampled light bulbs that burn longer than 1000 hours.
Presume that X = 6 is observed. Utilize the hints below to estimate θ.
How do the parameters for X depend on θ?