Solution Found!
. Consider again the conditions in Exercise 2, but suppose
Chapter 7, Problem 3(choose chapter or problem)
QUESTION:
. Consider again the conditions in Exercise 2, but suppose also that it is known that 1 2 p 2 3 . If the observations in the random sample of 70 purchases are as given in Exercise 2, what is the M.L.E. of p?
Questions & Answers
QUESTION:
. Consider again the conditions in Exercise 2, but suppose also that it is known that 1 2 p 2 3 . If the observations in the random sample of 70 purchases are as given in Exercise 2, what is the M.L.E. of p?
ANSWER:Step 1 of 3
Let random variables have joint pdf or pmb
where the parameters are unknown. When function is a function of parameters , it is called the likelihood function.