Q12Comprehension4 Marks13 Apr 2025
Passage
Based on the above data, answer the given subquestions. A service center monitors the waiting time X (in minutes) for customers, and X follows a continuous probability distribution with the probability density function (PDF): \theta > 1$ is an unknown parameter representing the maximum possible waiting time for any customer. For a random sample of five customers, the waiting times (in minutes) are 2, 4, 1, 3, 5.
Find the method of moments estimate of for the given sample.
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