Suppose 144 independent random t values that represent the waiting time until an event happens are each distributed Exp(λ) – exponential distribution with an unknown rate for the events per second and a mean time value of 1/λ seconds. Suppose the mean value of waiting time for the sample is computed to be 0.25. Find the 95% confidence interval for the population’s mean waiting time.
Suppose 144 independent random t values that represent the waiting time until an event happens are each distributed Exp(λ) – exponential distribution with an unknown rate for the events per second and a mean time value of 1/λ seconds. Suppose the mean value of waiting time for the sample is computed to be 0.25. Find the 95% confidence interval for the population’s mean waiting time.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Suppose 144 independent random t values that represent the waiting time until an
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Consider ,
with
Sample size :
Sample mean :
Confidence level :
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