Compute P(1λ≥nminiXiln(5)). P(1λ≥nminiXiln(5))= unanswered This computation allows us to compute a confidence interval. The interpretation is as follows: Let α be a value such...

Compute P(1λ≥nminiXiln(5)).

P(1λ≥nminiXiln(5))=

This computation allows us to compute a confidence interval. The interpretation is as follows:
Let α be a value such that 1−α=P(1λ≤nmini(Xi)ln(5)). (This value depends on the answer you just computed.)

Based on this setup, the corresponding, non-asymptotic, one-sided confidence interval at level 1−α for 1/λ is:
(Type min for min(Xi).)
(Note the confidence interval is finite.)

Note: The value of α is unusually large (α>0.5) in this problem