Twenty motors were put on test under a high-temperature setting. The lifetimes in hours of the motors under these conditions are
given below. Suppose we assume that the lifetime of a randomly selected motor under these conditions, X, has a Gamma (1, theta) distribution.
(a) Derive the maximum likelihood estimate of 9 and evaluate it numerically.
(b) Obtain the sample median of the data, which is an estimate of the median lifetime of a motor. What parameter is it estimating (i.e., determine the median of X)?
(c) Based on the mle, what is another estimate of the median of X?
(d) Obtain a large sample approximate 95% confidence interval for the mean lifetime of a motor.
(a) Derive the maximum likelihood estimate of 9 and evaluate it numerically.
(b) Obtain the sample median of the data, which is an estimate of the median lifetime of a motor. What parameter is it estimating (i.e., determine the median of X)?
(c) Based on the mle, what is another estimate of the median of X?
(d) Obtain a large sample approximate 95% confidence interval for the mean lifetime of a motor.
1 answer:
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Answer:
The investment after 5 years is $ 662.45.
Step-by-step explanation:
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