
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Based on available data, the distribution
fx(x) = λ e- λ x
Given these three data points: 3.6, 5.5, and 3.8, use the Maximum Likelihood Estimation method to determine the value of λ to 3 decimal places.
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