suppose that the lifetime of a light bulb is exponentially distributed with mean 2 years. what is the expected value of this lifetime given that lifetime is between 1 to 3 years? e[x | 1 < x < 3] = ?

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Q: If a function decreases by 7% each year, then the yearly decay factor is what?

A: If a function decreases by 7% each year, then the yearly decay factor is what

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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.