a) Suppose that a system contains a certain type of component whose time, in years, to failure is given by T. The random variable T is modelled by using the exponential distribution with mean time to failure a = 2. What is the probability that the component is still functioning at the end of 5 years? %3D

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.