For a component a you have the following failure time data, Ask an Expert

Statistics

For a component A, you have the following failure time data: (days) 28, 112, 15, 8, 27, 21, 22, 48, 28, 73.

A) Suppose you have reason to believe that the hazard rate is increasing over time. What distribution is appropriate to describe the failure time component of A? What does the increasing hazard rate suggest in terms of parameter values?

B) Fit the distributin you suggested in part A to the data without using maximum likelihood estimation. Show your work step by step and report the output for each step?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9993279

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

What are the benefits of a country having a positive

What are the benefits of a country having a positive Current Account and what are the benefits of a country having a negative Current Account?

A 36-year maturity bond with par value 1000 makes

A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EQUIVALENT annual yield to maturity of the bond if the bond sells for $1,080? A 31-year maturity, 9.5% ...

What considerations do you need to take when considering

What considerations do you need to take when considering "time value of money"? Why is the following statement true? "A dollar today is worth more than a dollar tomorrow."

A highway rest area contains a vending machine that

A highway rest area contains a vending machine that dispenses cups of coffee. The amount of coffee that the machine provides when a purchase is made approximately follows a uniform distribution between 200 and 250 ml. (a ...

A confidence interval for a population mean is to be

A confidence interval for a population mean is to be estimated. The population standard deviation is guessed to be anywhere from 14 to 24. The half-width B desired could be anywhere from 2 to 7. Tabulate the minimum samp ...

Assume that from a random sample of 18 trees a researcher

Assume that from a random sample of 18 trees a researcher found that the average height of the trees was 4.3 meters with a standard deviation of 0.25 meters. Assume that the distribution of the heights of these trees is ...

Assume that 8 of people have ab blood a hospital blood bank

Assume that 8% of people have AB blood. A hospital blood bank needs ABblood so the blood bank begins checking potential donors. Use this Excel file geometric probabilities (enable the macro after opening the file) or thi ...

According to the deloitte ev survey 5 of respondents

According to the Deloitte EV Survey, 5% of respondents indicated that they would be willing to pay an extra $500 or more for an electric vehicle versus one with a gasoline engine. A random sample of 25 adults has been se ...

Sharon recently invested in real estate with the intention

Sharon recently invested in real estate with the intention of selling the property one year from today. She has modeled the returns on that investment based on three economic scenarios. She believes that if the economy s ...

New york graduates tend to leave the state after graduating

New York graduates tend to leave the state after graduating. A study asked the students of NYU "Are you planning to stay in NY after graduation?" In the sample, only 37% answered yes. The study explained that with a 95% ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert