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RDP 2015-10: The Life of Australian Banknotes
Equation
L
(
t
)
=
1
−
(
e
−
(
e
x
′
β
/
k
t
λ
)
k
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=
1
2
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−
(
e
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k
t
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k
=
1
2
−
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e
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β
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k
=
ln
(
1
2
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=
ln
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2
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=
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2
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1
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