The time between failures of a machine has an exponential distribution with parameter
Chapter 7, Problem 7-50(choose chapter or problem)
The time between failures of a machine has an exponential distribution with parameter . Suppose that the prior distribution for is exponential with mean 100 hours. Twomachines are observed, and the average time between failures is hours. (a) Find the Bayes estimate for . (b) What proportion of the machines do you think will fail before 1000 hours?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer