SOA Exam FAM Sample Question 54
Study guide: Exam FAM
You are given:
(i) At time 4 hours, there are 5 working light bulbs.
(ii) The 5 bulbs are observed for p more hours.
(iii) Three light bulbs burn out at times 5, 9, and 13 hours, while the remaining light bulbs are still working at time 4 + p hours.
(iv) The distribution of failure times is uniform on (0, \omega).
(v) The maximum likelihood estimate of \omega is 29.
Calculate p.
- A) Less than 10
- B) At least 10, but less than 12
- C) At least 12, but less than 14
- D) At least 14, but less than 16
- E) At least 16
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