Based on a type-2 censored sample of the life times from a two parameter Burr type-XII failure time model, the Bayes estimates of the two (unknown) parameters, the reliability and failure rate functions are obtained by using Bayes approximation form due to Lindley (1980). The estimated risks of the Bayes estimates are computed and compared with the corresponding estimated risks of the maximum likelihood estimates.
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AL-Hussaini et al. (1992) studied this question.
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