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Example 3.6. Take a random sample of size n from an exponential distri- bution with rate parameter XA. 1. Derive an exact 95% confidence interval for X. 2. Suppose your sample is of size 9 and has sample mean 3.93. (a) What is your 95% confidence interval for λ? (b) What is your 95% confidence interval for the population mean? 3. Repeat the above using the CLT approximation (rather than an eract interval

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