Suppose a simple random sample (X; i.i.d. observations) of size n = 40 was taken from a distribution with PDF Soz0!, iro

MATLAB: An Introduction with Applications
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Suppose a simple random sample (X; i.i.d. observations) of size n = 40 was taken from a distribution with PDF
(0xº 1, if 0 < I< 1
f(x) =
0,
otherwise.
where the parameter 0 is unknown. From the sample, the following summary statistic was computed:
E, In X; = -9.2945.
Find the 98% confidence interval for the parameter 0 :
Note: Here the confidence interval is taken to be the one based on a pivot and the pivot here is based on the fact that
- In X; has an exponential (0) distribution. Further a certain multiple of sum of i.i.d. exponential random variables
has a chi-sq distribution.
Note: Use at least 4 decimal places (rounded) in all the intermediate computations and in the answer submissions.
Transcribed Image Text:Suppose a simple random sample (X; i.i.d. observations) of size n = 40 was taken from a distribution with PDF (0xº 1, if 0 < I< 1 f(x) = 0, otherwise. where the parameter 0 is unknown. From the sample, the following summary statistic was computed: E, In X; = -9.2945. Find the 98% confidence interval for the parameter 0 : Note: Here the confidence interval is taken to be the one based on a pivot and the pivot here is based on the fact that - In X; has an exponential (0) distribution. Further a certain multiple of sum of i.i.d. exponential random variables has a chi-sq distribution. Note: Use at least 4 decimal places (rounded) in all the intermediate computations and in the answer submissions.
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