Problem 11.6. Source: Sample STAM problem #179. The time to an accident follows an exponential distribution. A random sample of size two has a mean time of 4. Let Y denote the average of a new sample of size two from the same distribution. Calculate the maximum likelihood estimate of P[Y>8]. Hint: Remember that the sum of independent, identically distributed exponential random variables has a gamma distribution. You can convince yourselves of this fact using moment generating functions.

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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Problem 11.6.
Source: Sample STAM problem #179. The time to an accident follows
an exponential distribution. A random sample of size two has a mean time of 4. Let Y denote the
average of a new sample of size two from the same distribution. Calculate the maximum likelihood
estimate of P[Y> 8].
Hint: Remember that the sum of independent, identically distributed exponential random variables
has a gamma distribution. You can convince yourselves of this fact using moment generating functions.
Transcribed Image Text:Problem 11.6. Source: Sample STAM problem #179. The time to an accident follows an exponential distribution. A random sample of size two has a mean time of 4. Let Y denote the average of a new sample of size two from the same distribution. Calculate the maximum likelihood estimate of P[Y> 8]. Hint: Remember that the sum of independent, identically distributed exponential random variables has a gamma distribution. You can convince yourselves of this fact using moment generating functions.
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