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In: Statistics and Probability

A random sample of n = 15 heat pumps of a certain type yielded the following...

A random sample of n = 15 heat pumps of a certain type yielded the following observations on lifetime (in years):

2.0     1.4     6.0     1.9 5.2 0.4     1.0     5.3
15.6 0.9 4.8 0.9     12.4     5.3 0.6

(a) Assume that the lifetime distribution is exponential and use an argument parallel to that of this example to obtain a 95% CI for expected (true average) lifetime. (Round your answers to two decimal places.)

  ,

years

(b) How should the interval of part (a) be altered to achieve a confidence level of 99%?

A 99% confidence level requires using a new value of n to capture an area of 0.005 in each tail of the chi-squared distribution.A 99% confidence level requires using a new value of n to capture an area of 0.1 in each tail of the chi-squared distribution.    A 99% confidence level requires using critical values that capture an area of 0.1 in each tail of the chi-squared distribution.A 99% confidence level requires using critical values that capture an area of 0.005 in each tail of the chi-squared distribution.


(c) What is a 95% CI for the standard deviation of the lifetime distribution? [Hint: What is the standard deviation of an exponential random variable?] (Round your answers to two decimal places.)

  ,

years

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