Proportional reversed hazard model and exponentiated distributions have received considerable attention in the statistical literature due to its flexibility. In this paper, we develop the tools for statistical inference of the lifetime distribution of components in a n-component coherent system while the system lifetimes are observed, the system structure is known and the component lifetime follows the proportional reversed hazard model. Different point and interval estimation procedures based on frequentist and Bayesian approaches are developed. The existence and uniqueness of the maximum likelihood estimator are discussed. In addition, two statistical testing procedures, a pivotal quantity approach and a likelihood ratio test, to test whether the exponentiated parameter equals to a particular value are proposed. A numerical example is used to illustrate the methodologies developed in this paper and a Monte Carlo simulation study is employed to evaluate the performance of the statistical inferential procedures