Statistics for Maintenance Modelling: Continuous Lifetime Distributions 2

# Question 2¤

The following distributions have similar hazard functions with the parameters:

- Loglogistic with = 0.1206, = 5.878
- Pareto with = 0.1, = 0.05
- Lognormal with = 0.0001, = 6.569.

What is R(3) - R(2) for the pareto? Click on one of the options below, then click on "Check Answer".

-0.028
-0.034
-0.047
-0.062
None of these
Yes, that's right. R(t) = (/t)^ so in Excel you can calculate it with:
=(POWER(0.05/3,0.1) - POWER(0.05/2,0.1)) which gives the answer -0.0275.
No, the answer is -0.028. This is because R(t) = (/t)^ so in Excel you can calculate it with:
=(POWER(0.05/3,0.1) - POWER(0.05/2,0.1)) which gives the answer -0.0275.