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Posted: **Sun Sep 05, 2021 5:06 pm**

: C Given That The Derivative Of The Likelihood Function Is L O C0279 1 30 263 280 1632e Show That The Onl 1 (254.89 KiB) Viewed 685 times

(c) Given that the derivative of the likelihood function is, L'O) =C0279 (1 - 30)263 (280 -- 1632e), = show that the only maximum likelihood estimate of e, to three decimal places, based on these data is, O= 0.172.
(e) Give one reason why maximum likelihood estimates are widely used.