Question

Problem 3 Recall that X ~ Exp(A) if the probability density function of X is fX(x)-Ae-λ r for z 2 0, Let Xi, , Xn ~ Exp(A), where λ is an unknown parameter. Exponential random variables are often used to model the time between rare events, in which case λ is interpreted as the average number of events occurring per unit of time a) Let zı, . . . , en be n observations of an exponential random variable with parameter λ. Prove that the maximum likelihood estimatosiven by (12- b) Suppose you observe the time between seven consecutive car accidents to be 25 minutes, 10 minutes, 35 minutes, 80 minutes, 10 minutes, and 20 minutes, respectively. Assume that the time between accidents follows an Exponential distribution. What is the шахшпиш likelihood estimate or the average number of car accidents per day? c) Suppose you are a tow truck driver in San Diego. It is midnight, and youve just finished towing an accident. You want to take your break, but youre concerned about having enough time to eat before the next accident. Someone tells you that, on average, there are 48 accidents per day; they recommend that you model the time until the next accident as being a random draw from Exp(48) What is the problem with this model Hint: Do you think it will overestimate or underestimate the expected time until the next accident, given that it is midnight?

please show thorough work

0 0
Add a comment Improve this question Transcribed image text
Answer #1

3. a)

Let X Exp(2) The pdf ofX1sKx)=λ; , x50 The likelihood function is i-1 i-1 i-1 i-1 i-1 Therefore MLE of λǐs/λ=1/x

b)

From the given samples

The average number accidents per day is 0.0324

Add a comment
Know the answer?
Add Answer to:
please show thorough work Problem 3 Recall that X ~ Exp(A) if the probability density function...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Recall that X ∼ Exp(λ) if the probability density function of X is fX(x) = λe−λx...

    Recall that X ∼ Exp(λ) if the probability density function of X is fX(x) = λe−λx for x ≥ 0. Let X1, . . . , Xn ∼ Exp(λ), where λ is an unknown parameter. Exponential random variables are often used to model the time between rare events, in which case λ is interpreted as the average number of events occurring per unit of time. Recall that X ~ Exp(A) if the probability density function of X is fx(x)-Ae-Az for...

  • Recall that a discrete random variable X has Poisson distribution with parameter λ if the probability...

    Recall that a discrete random variable X has Poisson distribution with parameter λ if the probability mass function of X Recall that a discrete random variable X has Poisson distribution with parameter λ if the probability mass function of X is r E 0,1,2,...) This distribution is often used to model the number of events which will occur in a given time span, given that λ such events occur on average a) Prove by direct computation that the mean of...

  • need to check my work. Just need B and C Problem 2. Recall that a discrete...

    need to check my work. Just need B and C Problem 2. Recall that a discrete random variable X has Poisson distribution with parameter λ if the probability mass function of X is fx (x) = e-λ- XE(0, 1,2, ) ar! This distribution is often used to model the number of events which will occur in a given time span, given that λ such events occur on average a Prove by direct cornputation that the mean of a Poisson randoln...

  • Hello, need help solving the rest. I might be doing it wrong and cannot figure it...

    Hello, need help solving the rest. I might be doing it wrong and cannot figure it out. Thank you. The Poisson distribution gives the probability for the number of occurrences for a "rare" event. Now, let x be a random variable that represents the waiting time between rare events. Using some mathematics, it can be shown that x has an exponential distribution. Let be a random variable and let o be a constant. Thenis a curve representing the exponential distribution....

  • Reason arrivals poisson and time continuous - exp prob Mode 1 1. The time until the...

    Reason arrivals poisson and time continuous - exp prob Mode 1 1. The time until the next arrival at a gas station is modeled as an exponential random with mean 2 minutes. An arrival occurred 30 seconds ago. Find the probability that the next arrival occurs within the next 3 minutes. X= Time until next assival xu Expoential prob. Model Find: p(x-3) = P( ) e mean = 2 minutes = Arrival 30 sec ago = Next arrival w/in 3...

  • PROBLEM 18.1 (pg 132, #86) People randomly arrive for treatment at an emergency room at a rate of...

    PROBLEM 18.1 (pg 132, #86) People randomly arrive for treatment at an emergency room at a rate of 3.8 per hour. Let Y be the amount of time (in hours) until the next patient arrives in the emergency room. a. The random variable Y has an exponential distribution with parameter λ b. Find the probability no patients arrive over the next 2 hours or P(Y> 2). c. Find the median of Y d. What is the expected elapsed time until...

  • 1. Suppose that Xi,..,Xn are independent Exponential random variables with density f(x; λ) λ exp(-1x) for...

    1. Suppose that Xi,..,Xn are independent Exponential random variables with density f(x; λ) λ exp(-1x) for x > 0 where λ > 0 is an unknown parameter (a) Show that the τ quantile of the Exponential distribution is F-1 (r)--X1 In(1-7) and give an approximation to Var(X(k)) for k/n-T. What happens to this variance as τ moves from 0 to 1? (b) The form of the quantile function in part (a) can be used to give a quantile-quantile (QQ) plot...

  • 1. Suppose that Xi,..,Xn are independent Exponential random variables with density f(x; λ) λ exp(-1x) for...

    1. Suppose that Xi,..,Xn are independent Exponential random variables with density f(x; λ) λ exp(-1x) for x > 0 where λ > 0 is an unknown parameter (a) Show that the τ quantile of the Exponential distribution is F-1 (r)--X1 In(1-7) and give an approximation to Var(X(k)) for k/n-T. What happens to this variance as τ moves from 0 to 1? (b) The form of the quantile function in part (a) can be used to give a quantile-quantile (QQ) plot...

  • Will rate!! Show work plz Part 1. (6 points) Identify the distribution For each random variable:...

    Will rate!! Show work plz Part 1. (6 points) Identify the distribution For each random variable: State the distribution that will best model random variable. Choose from the common distributions: Uniform, Exponential or Normal distribution. Explain your reasoning. State the parameter values that describe the distribution. Give the probability density function. a. b. c. Random Variable 1 A statistics student has a part time job as a coffee shop barista, she realizes the time between customer orders is a random...

  • For each problem below, state the distribution, list the parameter values and then solve the problem....

    For each problem below, state the distribution, list the parameter values and then solve the problem. You may use Excel to solve but you still need to list the distribution name and parameter value(s). For example: Poisson distribution, x=5, p=0.24, P(5; 0.24) = 0.78 a) A skeet shooter hits a target with probability 0.6. What is the probability that they will hit at least four of the next five targets? b) You draw a random sample of 12 first graders...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT