Suppose that the time to failure T of a certain hinge is an exponential random variable with
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Suppose that the time to failure T of a certain hinge is an exponential random variable with probability density f (t) = ? c ?? t, t > 0. From prior experience we are led to believe that. 0 is a value of an exponential random variable with probability density ? (?) = 2e-2?, 0 > 0. If we have a sample of n observations on T, show that the posterior distribution of ? is a gamma distribution with parameters.
DistributionThe 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 & Statistics For Engineers & Scientists
ISBN: 9780130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
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