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Order Statistics, Example 2 | Probability | Joint Probability Density
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In this video tutorial, we use the idea of order statistics to study how long a machine can operate.
In particular, we utilize the probability density of the i-th order statistic. Refer to the following video of a review of this concept.
This tutorial should be useful for reviewing probability theory or preparing for the SOA EXAM P.
In particular, we utilize the probability density of the i-th order statistic. Refer to the following video of a review of this concept.
This tutorial should be useful for reviewing probability theory or preparing for the SOA EXAM P.
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