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Q50Section C (Section C)50 of 60

UMVUE of an exponential mean

Suppose that the lifetimes (in months) of bulbs manufactured by a company have an Exp(λ)\mathrm{Exp}(\lambda) distribution, where λ>0\lambda>0. A random sample of size 1010 taken from the bulbs manufactured by the company yields the sample mean lifetime xˉ=3.52\bar x=3.52 months. Then the uniformly minimum variance unbiased estimate of 1λ\frac1\lambda based on this sample is equal to __________ months (round off to 2 decimal places)

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