Question
If the $n=20$ values of number of customer arrivals in a 10 minute period mentioned in Example 7.1.3 are 25, 32, 34, 22, 27, 29, $23,22,30,31,33,21,28,25,24,35,27,30,34,26$, find the method of moments estimates of $\alpha$ and $\sigma$.
Step 1
The sample mean \(\overline{X}\) is calculated as the sum of all observations divided by the number of observations \(n\). For the given data: \[ \overline{X} = \frac{25 + 32 + 34 + 22 + 27 + 29 + 23 + 22 + 30 + 31 + 33 + 21 + 28 + 25 + 24 + 35 + 27 + 30 + 34 + Show more…
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