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1638统计简单derivationshort

MLE of an Exponential Waiting-Time Model

题目

Ten independent waiting times between mid-price changes sum to 25 seconds. Model each waiting time as Exp(λ)\mathrm{Exp}(\lambda).

Find the MLE of λ\lambda, and under the fitted model compute the median waiting time.

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你的答案

MLE of lambda

fitted median waiting time