Let x be a random variable representing the time between, Ask an Expert

Statistics

Let X be a random variable representing the time between successive arrivals at a checkout counter in a supermarket. The values of X in minutes (rounded to the nearest minute) are

1 2 3 7 11 4 13
12 7 3 2 11 7 2

Assume that the pdf of X is f(x) = (1/θ)e-(x/θ). Use these data to ?nd MLE θˆ. How can you use this estimate you have just derived?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91638838

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Loking for guidancea distribution of exam scores has mu

Looking for guidance: A distribution of exam scores has μ = 90 and σ = 10. In this distribution, Sharon's score is 9 points above the mean, Jill has a z-score of +1.20, Steve's score is ½ standard deviation above the mea ...

An fbi survey shows that about 70 of all property crimes go

An FBI survey shows that about 70% of all property crimes go unsolved. Suppose that in your town 10 such crimes are committed and they are each deemed independent of each other. What is the expected number of crimes that ...

The length of time a person takes to decide which shoes to

The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a standard deviation of 1.90. Find the probability that a randomly selected individual will take ...

Future value of an annuitywhat is the future value of a 470

Future Value of an Annuity What is the future value of a $470 annuity payment over 7 years if the interest rates are 6 percent?

Annbspe-commerce web site claims thatnbsp8nbspof people who

An? e-commerce Web site claims that 8?% of people who visit the site make a purchase. Complete parts a through e below based on a random sample of 15 people who visited the Web site. a. What is the probability that none ...

Is the following an example of a binomial experimentat a

Is the following an example of a binomial experiment? At a campus activities board event, an entertainer gives tickets with sequential numbers to every attendee (i.e. 1, 2, 3, 4, 5... n). Throughout the event, the entert ...

A perpetuity pays 4300 at the end of every month for 11

A perpetuity pays $4300 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 9%, what is the present value of this p ...

It has been argued that although there may be more claims

It has been argued that although there may be more claims when road conditions are slippery in the winter, this should not affect the average claim. Malpeque took a sample of 50 claims from the winter of 2018 and found t ...

1 a stat 200 instructor wants to know if students tend to

1. A STAT 200 instructor wants to know if students tend to score differently on the lesson 4 and 5 quizzes. Data were collected from a representative sample of 60 students during the Summer 2018 semester. Data were paire ...

You buy 200 shares of stock at 500 per share you receive

You buy 200 shares of stock at $5.00 per share. You receive one dividend of 20 cents per share. You sell the stock two years later for $6.00 a share. Fee for selling the stock online is $15.

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