Answers to Worksheet 4 problems

1. mean=437.31
(i) 0.0159
(ii) 0.4340
Exponential distribution seems to fit these data adequately.

2. Normal and exponential distributions fit poorly
Weibull and lognormal distributions are better, but not great.
For final part possible answers are 0.1287 (Weibull) or 0.0934 (lognormal).

3. alpha=248.218, beta=68.0131
(i) 701.12
(ii) 652.17
Using the fundamental formula we get (i) 701.17 and (ii) 652.25.