Question

Refer to the air-conditioning data set aircondit provided in the boot package in R. The 12 observations are the times in hours between failure of air-conditioning equipment: 3,5,7,18,43,85,91,98,100,130,230,487. Assume that the times between failures follow an exponential model . Obtain the MLE of the hazard rate $\lambda$ and use the bootstrap to estimate the bias and standard error of the estimate.

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Answer 1

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