It is said that a random variable X has an increasing failure rate if the failure rate

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It is said that a random variable X has an increasing failure rate if the failure rate h(x) defined in Exercise 18 is an increasing function of x for x > 0, and it is said that X has a decreasing failure rate if h(x) is a decreasing function of x for x > 0. Suppose that X has the Weibull distribution with parameters a and b, as defined in Exercise 19. Show that X has an increasing failure rate if b > 1, and X has a decreasing failure rate if b < 1.
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...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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