Confidence interval for theta

Reference no: EM1397792

Consider a random variable Y, and a constant theta such that (1/theta)Y is distributed exponentially. Derive the lower and upper bounds for a 90% confidence interval for theta (These will be a function of y). Noe that theta=1/lambda where lambda is the parameter from the exponential distribution.

Reference no: EM1397792

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Confidence interval for theta : Consider a random variable Y, and a constant theta such that (1/theta)Y is distributed exponentially. Derive the lower and upper bounds for a 90% confidence interval for theta (These will be a function of y). Noe that theta=1/lambda where lambda i..

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